April 28 Midday Market Analysis $BTC $ETH $SOL

Bitcoin was previously driven by continuous capital support, leading to a strong upward trend, with the price rising to a high pressure point around 79,400. After a short-term surge, profit-taking from short-term traders concentrated and high-level selling pressure was released, causing a technical pullback and correction. This retracement is a normal healthy shakeout after a big rally and does not signal a trend reversal.

Currently, the key trend support in the market remains intact, and the bullish structure has not been broken. After a round of correction and digestion, the downward momentum of the bears is nearly exhausted. Buying support below is very strong, with chips accumulating at low levels. The main capital shows clear signs of building up, and the market has gradually stabilized. After the short-term consolidation ends, the bulls have enough momentum to initiate a second wave of rally and rebound. Bitcoin and Ethereum are moving in sync, both in the stage of bottoming out and gathering strength, with room for a rebound expected.

Trading Suggestions:
Buy in batches around 76,200-76,600 on Bitcoin’s pullback, targeting around 78,000-79,000.
Buy in batches around 2,260-2,280 on Ethereum’s pullback, targeting around 2,320-2,360.