Yesterday, a piece of news caused turbulence in the BTC market. The original message reads:

U.S. Department of Justice: Binance founder and former CEO CZ should serve three years in prison

Because he helped the cryptocurrency exchange violate federal sanctions and anti-money laundering laws. According to the terms of the plea agreement, CZ initially faced a maximum of 18 months in prison, but the Department of Justice stated, "The scope and consequences of CZ's misconduct are enormous," so "the upward departure is appropriate here." CZ's defense documents stated that CZ was not aware and was never explicitly informed of specific transactions involving criminal funds conducted on Binance; CZ does not pose a risk of reoffending, so he should be sentenced to probation instead of imprisonment!

As soon as this news came out, the price of BTC plummeted by 2000 points overnight, breaking the rising wedge pattern!

Milky's view is decidedly different. I believe this is a deliberate move to reduce the long positions, combining news with technical aspects. The overall bullish trend has not deteriorated, the 4H parallel channel is good, and this decline is for a better surge in early May. Hold onto your positions and don't let the main force shake you off.

BTC chart indicators discern the intentions of the main funds, OI contract liquidation chart, and CCI trend chart

Still holding onto the bullish belief, recording my daily trading, sharing the most timely thoughts and trading details, updated every trading day.

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