4.29 Bitcoin Analysis

On the hourly chart, the price has been continuously declining from the high of 77,227, forming a downward channel with lower highs, with the lowest reaching 75,666. The short-term trend has completely turned weak. During the decline, a large bearish candle with high volume appeared, while the rebound clearly shrank in volume, indicating sustained selling pressure and weak buying support. The rebound is only a weak correction and unable to reverse the downtrend. The price has broken below the previous consolidation platform support and is currently trading weakly around 76,200, with a rebound failing to break above the key resistance level. The bearish momentum has not yet been fully released. The rebound height on the hourly chart is decreasing step by step, and after a weak consolidation, the probability of a further downward break is higher, overall leaning towards a oscillating downward pattern.

Trading suggestion: 76,700-77,200 range, target 74,700-75,200. $SOL #Polymarket每日热点 #Polymarket每日热点