April 29 Morning Bitcoin Analysis

The current market momentum remains dominated by the bears, with the bulls only having short-term recovery opportunities. Do not attempt to aggressively buy the dip or chase bottom-fishing behaviors.

This position is already at a relatively low level after the recent decline. Avoid blindly over-adding to short positions, and be alert to institutional support at key support levels to prevent sudden rebound movements.

Key resistance zone: 76,500-77,500
If clear signs of resistance appear (increased volume with stagnation, long upper shadows, indicator bearish divergence), consider shorting accordingly and seize the retracement opportunities.

Key support zone: 75,500-75,000
If stabilization is confirmed (higher lows, decreasing volume to halt decline, indicator bullish divergence), consider gradually adding short-term long positions to catch rebounds and recoveries, targeting the upper resistance zone.

Macro news remains the core variable to break the current weak sideways trend. It is necessary to evaluate the impact of news catalysts on the trend dynamically based on key resistance/support levels and prepare response strategies in advance.

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