The second wave within the day, the planned short positions have been executed Grasping a 700-point space, double profit-taking, Loda 20,000 oil The Silk Road is clear and definite Focus on the resistance at the 76,000-77,000 level; if it cannot break through effectively, maintain the current oscillation pattern, and you can take advantage of the pullback to short and capture the profit This wave of market movement started to decline as expected from 76,445, with the lowest reaching 75,448, a total of 1,000 points downward space $BTC $GT $ETH #比特币现货交易量新低 #Strategy吸筹速度超挖矿两倍 #加密市场小幅下跌 #油价突破110美元

April 30, 2024 Evening | Bitcoin (BTC) Market Analysis and Outlook 1. Macro and Event-Driven: Repricing of Safe-Haven Sentiment The current market is reassessing risks related to recent key geopolitical developments. The deadlock in US-Iran negotiations and Trump's cancellation of special envoy trips have intensified uncertainties in the Middle East, causing some safe-haven funds to shift to a wait-and-see stance. The market is awaiting clearer signals to form a new directional consensus. 2. Market Structure and Liquidity Observation Although safe-haven sentiment is rising, there has been no panic selling, and overall liquidity remains ample. The 24-hour trading volume stays high (around $41.57 billion), indicating active market participation, with fierce battles between bulls and bears. Current price fluctuations are mainly driven by the game and rebalancing of existing funds. 3. Technical Structure: High-Range Fluctuation, Awaiting Directional Decision • Key Support: The $74,700 level has been repeatedly tested, forming an effective strong support platform. This level is a short-term defensive line for the bulls. • Dynamic Resistance: Bulls are actively building a phased defense near $77,600, making it a short-term upside observation point. Only a clear breakthrough above this level can open upward space. • Pattern Analysis: Price remains in a broad range of $74,700 - $77,600 with high-level oscillation. The technical picture shows a stalemate between bulls and bears, lacking clear directional momentum, and waiting for macro catalysts to break the balance. 4. Future Scenario and Trading Strategies • Short-term Tone: Range-bound and cautious. Before a confirmed breakout from the current consolidation zone, the market is likely to remain in a tug-of-war state. • Key Breakout Guidance: ◦ Upward Breakout: If the price strongly breaks and stabilizes above $77,600, it may attract wait-and-see funds to enter, targeting the $78,500 - $79,000 zone. ◦ Downward Breakdown: If the price effectively falls below the $74,700 support, caution is needed for a deep correction, with the next support at the $73,000 - $73,500 zone. • Strategy Advice: Investors should remain patient at present, considering range trading between the support zone of $74,800 - $75,200 and the resistance zone of $77,200 - $77,600, engaging in low-buy, high-sell operations, and strictly controlling positions and stop-losses, or following the breakout on the right side once confirmed. $BTC $ETH $DOGE

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