4.29 Afternoon Big-Bread (Bitcoin) Market Outlook

Bitcoin saw a weak rebound in the morning, but it met pressure, with the upside rebound space extremely limited. In the afternoon, the market turned downward again; the price quickly weakened and pulled back, with the low reaching around 76,500. Currently, it is still holding a low-range consolidation around 76,600.

The rebound momentum has completely run out. The bulls have no follow-through strength, while the bears’ momentum continues to be released. The bearish side has firmly controlled the pace throughout, and the downtrend has not changed at all. Overall, it remains the pattern of rebounding under pressure—weakening and moving down whenever resistance is met. In the afternoon, the main trading approach is to look for short positions at rebound highs; at low levels, only take “light” long positions for the most extreme ultra-short-term scalp tests and gamble.

Short-term bearish momentum continues to expand, with layered sell pressure piling up from above. Chasing longs to bottom-pick at low levels carries extremely high risk. Going forward, the market will most likely continue the weak downward trend, again probing to test lower support.

Trading Suggestions
Short in the 77,200–77,700 rebound range at highs. First target: 76,500. If it breaks, continue to look lower: 76000#加密市场小幅下跌 $BTC $ETH