4.30 Morning Bitcoin Market Outlook



Bitcoin continued its weak decline last night, and the rebound strength remained soft. In the morning, price action stayed in a low-range consolidation, with no clear reversal signals.

The rebound momentum continues to run out of steam. The bulls have no follow-through power, while the bears’ energy is still being released. Throughout the session, the bears fully controlled the pace. The downtrend has not changed at all. Overall, it’s still the pattern of rebounds facing pressure—weakening and rolling over downward when encountering resistance. In the morning, operations continue to focus mainly on the idea of shorting high during rebounds; at low levels, only do ultra-short-term, lightly sized long position probes for speculative games.

Short-term bearish momentum is continuing to expand in volume. Layer after layer of sell pressure is stacking up above. Chasing longs to “buy the dip” at low levels carries extremely high risk. Looking ahead, the market will most likely continue its weak downward move, and once again probe to test lower support.

Trading Suggestions
Short in the 76,600-77,100 rebound zone for the high side. First target: 76,000. If it breaks, continue to watch for 75,50000$BTC $ETH #加密市场小幅下跌
BTC-0.86%
ETH-0.29%
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