April 28 Morning Analysis



Macroeconomic liquidity tightening, interest rate cut expectations delayed, and high-risk asset valuations continue to be under pressure. Coupled with rising external risk aversion sentiment, funds continue to flow out, and the momentum for Bitcoin and altcoins to rise has dried up.

Institutional ETF funds have been continuously net outflows, on-market trading volume has shrunk, buy orders are weak, and market absorption capacity is insufficient. Key resistance levels on the technical chart are under pressure during rebounds, moving averages are in a bearish alignment, the center of gravity continues to shift downward, and core support levels are gradually weakening.

Market rebounds are mainly weak corrections, with volume unable to keep up. In a stockpile game pattern, the downtrend is clear. Market sentiment is pessimistic, lacking positive catalysts, and the short-term oscillation and downward trend remain unchanged, maintaining a generally bearish outlook.

Trading suggestion: 77,500-78,000🈳, target 75,500-76,000.$ETH $BTC
ETH-1.35%
BTC-1.3%
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