During the live broadcast of Three Kingdoms Academy, the Bitcoin Conference has begun, and the market is about to see a double kill of long and short BTC. Will BTC plummet to 70000?

Click on the link to enter Tencent Meeting Live: https://meeting.tencent.com/p/7890471408 Bitcoin (Big Cake) Daily Analysis 1. Price fluctuations and support/pressure levels In the early morning of that day, Bitcoin experienced a "plug in" market trend, with the lowest falling to around $107300, but then rebounding to fluctuate above $109000. Technically, the short-term support level is in the range of 107000-106000 US dollars. If this position is held, it is expected to explore the pressure level of 120000-130000 US dollars. The price displayed at the four hour level shows a wide range of fluctuations, with the moving average system meandering upwards but blocked, and insufficient volume making it difficult to break through key resistance in the short term. 2. Market sentiment and macro factors The market panic index rebounded to 78, but analysts believe that the current adjustment is a normal fluctuation in the bull market cycle and is more relevant to the Federal Reserve's monetary policy cycle. If PCE data improves in the future, it may trigger a rebound. The expected inflow of ETF funds and new products (such as potential ETFs like LTC and SOL) provide long-term support for the market. 2、 Ethereum (Auntie) Daily Analysis 1. Price Trends and Key Points Ethereum fell to as low as $2500 and then gained support in the $2530-2550 range. Technically, it is recommended to place multiple orders in this area with a target of $2700. The short-term pressure level is around $2700-2800. The daily chart level shows a horizontal adjustment after a rise and fall, while the MACD indicator indicates overbought and pullback pressure. However, long-term upgrades (such as the April 17th network upgrade) and expectations of interest rate cuts may limit the downward space. 2. On chain data and market dynamics The on chain activity of Ethereum has strengthened its linkage with altcoins, and some altcoins (such as PI and IP) have shown resistance to decline, indicating a partial rebound in market sentiment. The approval of Ethereum staking is expected to heat up, and if approved, it may further stimulate prices. In this rebound led by Bitcoin, we have witnessed the power of technical analysis and the infinite possibilities of the market. Let's remain calm and continue to follow, because the story of Bitcoin continues. Welcome to the live broadcast room for communication, and at the same time, share practical knowledge and secret tactics! What will the market do next? Professor Pang Tong, who has ten years of theoretical and practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.