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Tuesday, April 28th, Awei Evening BTC/ETH Strategy Sharing
Bitcoin stopped falling after dropping near 76,000, shifted to consolidation, currently trading around 768,300.
On the hourly chart, there was a one-sided decline yesterday, with support at the 76,000 level holding effectively.
Although there was a rebound in the early morning, the bullish momentum was insufficient, and the market entered a short-term correction phase.
On the four-hour level, consecutive large bearish candles indicate that the bears are in control, but the larger cycle upward structure remains intact, still oscillating at high levels.
In the short term, bears are favored, possibly with a slight pullback, but the overall upward trend remains unchanged.
Trading Suggestions
Bitcoin: Buy in the 76,100-76,500 range, target 78,200
Ethereum: Buy in the 2,260-2,280 range, target 2,420