4.29 Bitcoin Market Outlook


Yesterday's market was just swinging downward all day, every rebound couldn't gain momentum, with each high being lower than the last, the bulls had no strength to push up, and key support at the end of the session was not held. Now, the bears are completely in control.
Today, the strategy is still to go short at high points. Currently, the price is being pushed below a key resistance level. As long as it can't break above and stabilize, it's likely to drop further, testing the support levels below. In terms of trading, don't think about bottom fishing; wait for a rebound to find a high point to short for more stability.
Bitcoin:
Short at around 77,000-78,000 after a rebound to nearby levels, first watch 75,000; if it breaks below, then look at 73,700.
$BTC
BTC0.31%
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