In this dramatic battlefield of the cryptocurrency world, a thrilling game is unfolding. On one side, Trump once again boasts that he will incorporate Bitcoin into the national treasury, stirring up market excitement; on the other side, the SEC suddenly launched a surprise investigation into Ethereum's staking pools last night, adding fuel to an already turbulent market. Such scenes are commonplace in the crypto world, and countless experiences tell us: when politicians take a stand for cryptocurrencies, there are often hidden interests behind them, and understanding their cost lines is the key to unraveling the market's fog.

According to reliable sources, financial giant BlackRock's cost price for holding Bitcoin is as high as $93,000, a figure that has now become a sensitive nerve for the market. Once the Bitcoin price approaches this level, BlackRock will inevitably be restless, as it relates to the profit and loss of massive funds. Yesterday, Bitcoin fluctuated repeatedly in the range of $93,500 to $95,500, with the 4-hour Bollinger Bands narrowing, and volatility at only 1.8%, undoubtedly representing a fierce 'bull-bear tug of war.'

The main players' trading methods are quite evident, and the entire process resembles a meticulously choreographed grand drama. During the Asian trading session, taking advantage of a slight rise in gold prices, Bitcoin pretended to break through $95,500, successfully luring a large number of bulls into the market. However, a rapid sell-off followed, catching investors off guard. By the European trading session, the price retraced to the key support level of $93,800, at which point the main players used institutional support chips to stabilize the price. In the US trading session, a low-volume sideways trend was observed, aimed at cleaning out short-term leveraged bulls and flushing out those with weak convictions.
In the face of such a complex market situation,

The attack and defense strategy for Bitcoin on May 6 is crucial. $94,000 has become the watershed for both bulls and bears. If the 4-hour closing price can stabilize at this level, and the trading volume expands to $2 billion within an hour, then one can consider taking a small long position, targeting $94,800 to $95,600. However, investors should also be cautious of short risks: if Bitcoin fails to break through $95,500 after three consecutive attempts, it is advisable to take a small short position, targeting $93,300; if two consecutive 4-hour candlesticks close below $93,300, one should be alert to a potential deep market retracement, with prices possibly dropping further to $92,400.

As an old hand in the cryptocurrency world, I have one ultimate piece of advice for everyone: in this market, the most expensive tuition is blind confidence. Don't be misled by the daily line seemingly stabilizing at $94,000, as the 4-hour MACD indicator is already on the brink of 'collapse.' The most insidious trick of the manipulators is to wear down investors' patience bit by bit through a slow decline, until you capitulate. Just like yesterday, the total liquidation amount across the network reached $300 million, with 70% being long positions, which is the painful cost of human nature's gambling instincts.

Always remember: the reference value of on-chain data is greater than that of candlestick patterns; the movements of whale addresses often predict market shifts earlier than technical indicators; the main players' cost prices reflect the true market direction better than market sentiment; and strict trading discipline far outweighs unrealistic violent fantasies. Looking back at the tragic scenes of the LUNA collapse in 2022, those investors who ultimately survived were all masters of risk management. Therefore, each deep market correction is a precious opportunity given by heaven for rational investors, and the key lies in whether you can seize it. In this game of challenges and opportunities in the cryptocurrency world, only by staying clear-headed and strictly following the rules can one laugh until the end.

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