4.30 Wednesday, Bitcoin latest market analysis:

At around midnight, Bitcoin surged to near 95,500 but faced resistance, causing the price to drop. It has currently retraced nearly 1,500 points, with the price now at about 93,800. The pullback is likely a paper tiger, and the structure still indicates a consolidation phase. Therefore, it is advisable to operate around a low long position structure.
Overall, in terms of structure, this pullback is a concentrated release of short selling momentum after being blocked by the long-term high resistance above. Combined with the closing of the weak stocks, the magnitude of the pullback is larger compared to the previous volatility.
On the hourly chart, the accelerated volume of short positions in a short period has helped the price break through the lower boundary, with the bag mouth expanding outward. Both the lower boundary and technical indicators are trending downward, indicating that there is still space below in the short term, and there are no obvious signs of stopping the decline. However, with the reduction of short position volume, the space will not be too large. We still need to pay attention to whether the strong support level at 93500 can hold.
Buy around 93500 BTC, target 95000
ETH: Buy around 1760, target 1820#Gate.io App 全新升级 #AI 概念币普涨