Zhou Yanling: 4.29 Bitcoin BTC and Ethereum ETH latest trend forecast analysis and trading strategies today

Yesterday's market movement was as we expected, mainly downward, and short positions were perfectly taken. Currently, Bitcoin is hovering around 76,000, and the daily chart still shows a bullish overall pattern that hasn't changed, with high-range oscillations and pulls, and the overall trend gradually weakening. The price remains firmly above the medium-term moving average, with 75,000 still serving as the bullish defense bottom line. The trading range is locked between 74,000 and 79,500, with neutral oscillating indicators, and bullish momentum quietly weakening, indicating a short-term pullback is needed. The 4-hour timeframe clearly shows a weak trend, with highs continuously declining, and rebound strength is very poor. 75,000 is the key support level for this pullback, with 77,500 resistance very critical above. MACD bearish momentum is slightly releasing, and the short-term market continues to oscillate and decline. The 1-hour chart shows a narrow sideways range, with indecisive tug-of-war between bulls and bears. Resistance near 76,500 is pushing back the rebound, and 75,000 currently holds the market support. Indicators are weak, volume is shrinking, and there is no strong directional movement in the short term.
Zhou Yanling 4.29 Bitcoin trading strategy:
1. Short at 76,800-76,200, stop loss above 77,600, target 75,700-75,000, continue downward toward around 74,000
2. Long at 75,000-75,700, reserve space for additional positions near 74,000, stop loss with 700 points, target around 76,800
Zhou Yanling 4.29 Ethereum trading strategy:
1. Short at 2,310-2,290, stop loss above 2,340, target 2,250-2,220, continue downward toward around 2,170
2. Long at 2,220-2,250, reserve space for additional positions near 2,170, stop loss with 30 points, target 2,290-2,310
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and strategies are not timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively original from senior analyst Zhou Yanling. The author has been engaged in market investment research in the crypto space for over ten years. Currently, mainly analyzing and guiding operations on BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies' contracts/spot trading. With solid theoretical foundations and practical experience, he specializes in combining technical and news analysis, focusing on fund management and risk control. His trading style is steady and decisive, recognized by many investors for his approachable yet sharp and decisive operations. #Solana发布量子路线图 $BTC