Master Chen's's Hot Topic Analysis:
First, if the US Q1 GDP preliminary value is expected at 0.4%, the market might get a bit nervous. This growth rate is quite weak, and it feels like the economy is hitting the brthe economy is cooling down,TC also be affected as poor overall environment can easily make investors feel uncertain.
, Friday's rate and non-farm data show the job market is truly struggling, we'll need to look back at Wednesday's GDP and and PCE.<>, Tuesday early morning, Arizona has a third reading of the Bitcoin state strategic reserve, which might require voting. If this passes, it'll go to the governor for signature,, making Arizona the first US state with a Bitcoin strategic reserve.This isn't a small matter, different from Trump's approach. Trump's method was not selling existing US Bitcoin, but also not spending taxpayers' money to buy, fearing deficit issues. So if this vote passes, BTC will likely get excited, and longs will have more confidence.Now market sentiment has shifted fromiff chaos to economic level.TC trend depends on everyone's consensus.
When consensus is strong, like previous rate cuts, ETF,, Trump's victory, everyone felt good, and theTC trend was fierce, rushing upward. Now these positive factors have landed, with no new unified expectations.
But without strong consensus, those who didn't dare to get on board when it rose sharply probably missed the pump. Those who missed might can't help going short, getting trapped below 90seeking bearish analysis to encourage themselves. Actually, this year's news environment trend is already strange, so waiting for opportunities is better than blindly acting; getting deeply trapped means real trouble.
Master Chen's Trend Analysis:
Resistance Levels Reference:
First Resistance: 95500>
Second Resistance: 94200
Support Levels Reference:
First Support: 92500-92900
Second Support: 91900
Today recommendation's Suggestion:
Yesterday, BTC broke the previous upward trend line and 120-day moving average. Currently, 92.5K~93K can be set as a key support level. Because of the previous large bearish cana decent reto the possibility of continued decline.
The 1-hour level has already shown 4 consecutive bearish canso to potential N-shaped decline. Currently Currently, a short-term uptrend line can can be supplemented, waiting to see low point elevation before considering ultra-short-term entry.broken 93.6K, but don't rush to long. The, is20, day 120 averclose, with short-term adjustment likely. The first support level 92.5K~92.9K is crucial; if adjustment low points can be elevated, ultra--short-can be entry considered.
4.28 Master Chen's Wave Trading Preparation:
Long Entry Reference: 91900-92500 interval light position long, Target: 94200-95500
Short Entry Reference: Not Recommended
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