4.29 Morning Thoughts Follow the trend to be king! Today only short and not much



After the sharp decline, the overnight market digested and consolidated, Bitcoin rebounded to touch the 76,500 level but then faced resistance and fell back, with small-scale rebounds lacking momentum.
Brief corrections are just routine in a bearish trend, and the overall direction continues to be downward.

From the four-hour timeframe, the market shows a cliff-like decline, with prices breaking below the lower Bollinger Band and then weakly moving along the band’s edge; the Bollinger Bands remain in a downward channel, and short-term rebounds will be strongly resisted by the middle band, making it easy for the price to fall again after facing resistance.

Based on the overall market signals, current bulls have no strength to counterattack, and all rebounds are opportunities for bears to enter.
✅ Trading strategy:
Lay out short positions in batches within the 76,500-77,000 range, with the downward target looking at the 75,000-74,000 zone. $BTC $GT $ETH #WCTC交易王PK #Polymarket每日热点
BTC-0.86%
GT-0.13%
ETH-0.29%
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