April 29th, a high-level turning point has already appeared! BTC bears are in full control, and any rebound should be shorted directly!

After the initial surge above 79,500, the bullish momentum has been exhausted, and the price has been continuously falling back. Short-term support levels are repeatedly broken, and the market remains weak and volatile throughout the day. The rebound strength is very weak, and the upward structure at high levels has officially collapsed. Bears are dominating the market completely, with a clear downward trend.

On the daily chart, the price has broken below the short-term moving averages, which are turning downward and creating resistance. The MACD has formed a death cross and is heading down, indicating that bearish momentum continues to grow, and the correction trend is clear. On the 4-hour chart, the price is moving along the lower band of the Bollinger Bands, with repeated resistance at the middle band during rebounds. The short-term bearish trend is solid; the key resistance zone is between 77,000 and 76,500, while 75,000 is a critical support. A break below could lead to further decline toward the 74,000 level.

Wednesday morning personal view: Rebound to the 76,500-77,000 zone is a short opportunity, with the first target at 75,000, and if broken, then down to 74,200. Currently, bears are in control. Strictly avoid counter-trend bottom fishing, operate with small positions, and strictly implement stop-loss to manage trading risk. $BTC ‌#加密市场小幅下跌