If Bitcoin maintains a strong sideways pattern, the current fluctuation range is an excellent entry point;
If a pullback occurs, the previous high can serve as a bullish layout point.
It is worth noting that, regardless of the sideways range price or the previous high after the pullback, the price difference between the two is relatively limited. From the current market performance, no pullback signals have yet emerged, so investors might as well seize the opportunity to position in Bitcoin below the $100,000 mark. #特朗普就职百日
April 30 Trading Strategy Analysis 📊 Market Analysis: Bitcoin's rebound faced resistance and fell back, and although it has risen again, it still hasn't broken through the key resistance level. The current support and resistance zones are clear, and it is recommended to mainly focus on buying on dips.
📈 Operation Plan: Pay close attention to the $95,500-$96,000 resistance zone; if it breaks through effectively, you can follow the trend; on the contrary, if it faces pressure, you can try to short with a light position.
Keep a close eye on the $94,700-$94,200 support area; if it stabilizes, you can consider going long;
If it breaks below this range, further observation of the $93,500-$93,000 support level is needed.
BTC/USDT Latest hourly level data shows that the Bitcoin price is oscillating between the 25-period SMA ($94,604.55) and the 50-period SMA ($94,296.48), resembling a unicycle walking on a tightrope.
The latest closing price reached $94,782.6, but the resistance level above at $95,630 remains to be broken, while the support level below at $92,800.01 provides a defense line.
In terms of technical indicators, the RSI value is 54.2, indicating that market sentiment is leaning towards neutral;
The ADX is only 18.41, reflecting a weak current trend strength. It is worth noting that the MACD value of 94.85 remains high, suggesting that there is still bullish sentiment in the market.
However, the current trading volume is only 377.80111, far below the average level of 871.122387, raising concerns about the risks associated with low market trading activity.
If market momentum strengthens subsequently, it is essential to closely monitor price breakthroughs at resistance or pullbacks at support. Given the current shrinking volume situation, operations must remain cautious.
It is necessary to mention a situation that warrants caution:
The strong bullish atmosphere in the market is quietly influencing judgment, and the current trend appears to have the potential for a breakout to the upside. At the same time, mobile phones frequently push out more than 10 pieces of good news daily, with predictions of institutional entry and Bitcoin reaching new highs being heard everywhere.
Currently, the core PCE data on Wednesday evening, as well as the U.S. non-farm data and unemployment rate performance on Friday evening, are the key factors.
Especially during a period of continuous market fluctuations, these subtle fundamental changes often trigger more intense reactions from funds.
Bitcoin reached a highlight moment in today's early trading, briefly touching the $95,000 mark before slightly retracing to around $94,800, setting a new price peak for the year.
Driven by this, major cryptocurrencies such as Ethereum, Ripple, and Dogecoin saw a collective rise, with Ethereum successfully standing above $3,400.
Amidst the sharp market fluctuations, the cryptocurrency sector experienced a wave of liquidations within 24 hours.
Data shows that over 110,000 investors faced liquidations, involving an amount as high as $275 million (approximately 2 billion RMB), with long position liquidations accounting for 62% ($170 million) and short position liquidations accounting for 38% ($110 million). #加密市场反弹 #Strategy增持比特币
Short-term key support level is locked at 92800, with a stop loss set at 91600.
It is recommended to seize long opportunities in the 91600-92000 range, and strictly set a stop loss. You can set 91000 as the stop loss line; as long as this support holds, there is still room for upward movement.
The short-term resistance level above is 95700. Only by breaking through this level can we expect to open a bullish trend, with subsequent target resistance looking towards 96800-98500.
Conservative short positions can be attempted near 98500.
The current price is at the four-hour level support of 94300. The balance of long and short forces is referenced from this level. Key attention should be paid to the four-hour candlestick closing price: if it closes above 94300, the bulls are dominant; if it closes below, the bears are in control.
Last night, the market showed a trend of shrinking volume and pullback, with traders who accurately grasped the rhythm reaping significant rewards.
Ethereum (ETH) dipped to a low of $1742 in the evening but quickly recovered the critical support level of $1753, rebounding to a high of $1810, resulting in an intraday fluctuation of $70. By strictly executing the strategy, a profit space of $30-50 could be secured.
Bitcoin (BTC) Key Levels Support Levels: $91700/$89500/$88547 Resistance Levels: $96000/$97000 Currently, $94000 is the core observation level. If a significant volume breakout signal occurs, it is expected to trigger a significant downward trend.
Ethereum (ETH) Key Levels Support Levels: $1675/$1585/$1500 Resistance Level: $1828 $1753 is an important dividing line between bulls and bears. After the price touched this level in the early morning, it quickly rebounded by $60. Today's focus should be on the gains and losses at this level. If it breaks, pay attention to support at $1705/$1675, with a key observation on whether a double bottom structure can form.
SOL Market Watch Support Levels: $140/$133 Resistance Level: $167 It is recommended to focus on trading Bitcoin and Ethereum in the short term, as trading opportunities for SOL are limited recently. Operational Strategy
As the end of the month approaches, the market is prone to extreme volatility. It is advised to adopt a quick in-and-out strategy to timely lock in capital and some profits while keeping a flexible base position to respond.
In the upcoming week, pay attention to the stabilization signals of some tokens pulling back to the MA30 and MA60 moving averages to capture new entry opportunities.
As the A-shares are about to enter a trading halt, the market is expected to experience a surge in the next two days, with the upward trend likely to continue after the market opens on May 6.
In terms of individual stocks, Sichuan Jinding surged to the daily limit due to positive earnings reports yesterday; Hangzhou Gear's weekly chart has formed a V-shaped reversal pattern, making its future performance worthy of expectation.
During the May Day holiday, some A-share speculators may shift to the cryptocurrency market.
In the short term, the cryptocurrency market may experience rapid corrections and rebound trends.
From a technical analysis perspective, both the daily and weekly levels are in an upward channel, suggesting a strategy of buying on dips, with a focus on the 4-hour level to seize trading opportunities.
Interpretation of Bitcoin's Short-Term Trend: Fluctuations Replace Pullbacks, Gearing Up for a Breakthrough!
1) Although bears have made attempts, their momentum is hard to sustain, and bulls quickly take over to stabilize the market;
2) The bulls are not in a hurry to make a move but are choosing to lie in wait for the right opportunity to launch an attack;
3) Bitcoin is expected to continue fluctuating and gaining momentum, and with positive news, it is likely to break through the key resistance level of 96,000 USD;
4) My personal strategy focuses on holding positions for a rise, with an emphasis on long positions.
Based on holding 1 BTC spot, establish a three-leg options strategy:
Sell 1 call option with a strike price of $98,000 expiring on May 16, while buying 1 put option with a strike price of $90,000 expiring on May 16, and selling 1 put option with a strike price of $85,000 expiring on May 16.
This strategy can initially yield a profit of $1,280, with a maximum potential profit of $6,200.
Target Audience This strategy is suitable for two types of investors: firstly, conservative players holding BTC spot, expecting the price will not rise significantly but are concerned about a market crash;
Secondly, cost-sensitive traders who wish to implement a bearish strategy while avoiding the upfront capital investment costs. Risk Control Key Points Ensure that the spot position is sufficient to avoid excessive selling of options.
If the market rises significantly, when the price reaches $99,200, it is recommended to sell the spot to stop losses; if faced with a downturn, you can flexibly choose to take profits early and lock in profits in a timely manner.
Ethereum liquidation heat map data releases key signals:
If the price rises, the range of 1808-1884 has a large number of significant and ultra-large short positions facing liquidation risks; when the price falls, the area of 1736-1704 has many significant and ultra-large long positions that will trigger liquidation.
On-chain data shows that the unrealized profits of Bitcoin whales continue to rise, which may imply adjustment risks. Since the beginning of this month, the unrealized profits of wallets holding 1000-10000 BTC have surged by about 38%, reaching 150 billion USD, a new high since February.
Looking back at history, when unrealized gains approach 200 billion USD, large investors often choose to take profits, leading to a slowdown in asset upward momentum.
This indicator change is worth highlighting for investors.
On-chain data reveals new trends, with Binance, the leading global cryptocurrency exchange, continuously increasing its USDT reserves. As an important market indicator, the inflow of stablecoins often signifies an increase in buying power, and this growth may be a prelude to a recovery in the cryptocurrency market.
Looking back at past market cycles, the increase in exchange stablecoin reserves is often accompanied by a surge in trading activity — investors deposit USDT on the platform, poised to quickly allocate into Bitcoin, Ethereum, and various altcoins, aiming to capture the benefits of price increases.