April 29 Morning Bitcoin Analysis

The current market momentum is still dominated by the bears, with the bulls only having short-term recovery opportunities. Do not attempt to force a bottom or engage in panic buying.
This position is already at a relatively low level after the recent decline. Do not blindly chase short positions excessively. Be alert to institutional support at key support levels and watch out for sudden rebound movements.
Key resistance zone: 76,500-77,500
If clear signs of resistance appear (increased volume with stagnation, long upper shadows, indicator divergence at the top), you can follow the trend to open short positions and seize the retracement opportunities.
Key support zone: 75,500-75,000
If a stable and effective bottom is confirmed (higher lows, decreasing volume to stop the decline, indicator divergence at the bottom), you can gradually open 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 pattern. It is necessary to evaluate the impact of news catalysts on the trend dynamically, using key resistance/support levels as benchmarks, and prepare response strategies in advance.
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#加密市场小幅下跌
#Solana发布量子路线图
#Ethereum Foundation unlocks approximately $48.9 million worth of ETH