#比特币 #以太坊 Under the influence of a series of concentrated news such as the Sino-US contact negotiations, the recent Bitcoin reserve bill passed in New Hampshire, CZ, and SBF seeking a Trump pardon, BTB rose directly from 94500 to above 97500 this morning, approaching last week's highest point of 97895.

From a technical perspective, the lowest point of the BTB pullback last night at 93377 did not break below last week's lowest point of 92800, and the bullish trend that broke above the 89000 level pressure with a long bullish candle on April 22 has been maintained. This morning's rise extended the strong consolidation period of the Bitcoin daily candle cycle.

The strong consolidation pattern over the past two weeks resembles an ascending triangle. The upper horizontal resistance is at 97895; the lower support is at 92800/93377. This overall strong consolidation means that even if it stands above the upper resistance of 97895, the future trend will still fluctuate.

On the BTB 4-hour candle cycle, the strong consolidation over the past two weeks has formed a clear support line, which is also the lower support line of the ascending triangle. Generally, this kind of 4-hour candle support line tends to break down, which indicates that at some point in the short term, BTB is likely to break below the support levels of 93377 and 92800, breaking through the two-week support line, and testing the platform support above 89000 and 90000.

There are still many uncertainties in the Sino-US negotiations, which are factors influencing the market. The Federal Reserve meeting early tomorrow morning is very likely not to cut interest rates, and any cuts might be postponed until June, and the market has already priced this in.

On the BTB daily candle cycle, the 24-day moving average and the 120-day moving average resonate at 91600, while the 288-day moving average is currently at 81800. The distance between the 120-day moving average and the 288-day moving average has not narrowed to 5000, or within 5000-3000, which means there is still a lot of uncertainty regarding the sustainability of Bitcoin's rise.

If Bitcoin's daily candle falls back to the middle of the 120-day moving average and the 288-day moving average range, it means there is still a chance for it to pull back and test 86500. If it tests the 288-day moving average, Bitcoin may have a chance to pull back to 84000 or lower. These opportunities can be considered as high-cost-performance entry points for the future market.

In trading, there is no need to feel anxious about today's morning rise of Bitcoin approaching above 97000 due to news stimuli. Patience is required to wait for the aforementioned high-cost-performance mid-term entry opportunities.