4.30 Bitcoin Auntie’s Morning Thoughts

Yesterday’s market trend was relatively weak, with U.S. stocks declining all morning before the market opened, and around 2 a.m., following the rate decision announcement and Powell’s hawkish remarks, the market dropped to the 64,900 level.

Actually, I personally think that this recent news release is not good for the bears. Now that the negative sentiment has been released, the downside is mostly out of the way. The reason for not cutting interest rates is the oil price, which is soaring—this is why Trump is pushing for TACO. Once the Strait truly opens, there will be a new wave of market momentum.

Looking back at the chart, after dropping to 74,900, it quickly recovered, forming a bottoming rebound. The lower support is effective, with multiple wicks not breaking through, indicating strong support below. The MACD bearish momentum is weakening and beginning to flatten, with a bullish crossover expected. Therefore, I recommend a more bullish outlook for the day.

Personal suggestions
Bitcoin: Enter long at 75,700-76,200, target 77,000, break target 78,500
Auntie: Enter long at 2,240-2,260, target 2,300, break target 2,350
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