April 29 Bitcoin (BTC) Thoughts:

The overall trend yesterday remained weak, with prices oscillating downward. Multiple attempts to break through the 80,000 level during the session were unsuccessful, indicating significant selling pressure above, and the bulls' repeated efforts were pushed back.

Currently, strong resistance above is around 79,500, with support on the daily chart near 73,600. Without a volume-driven breakout, prices at high levels are still prone to pressure and potential pullbacks.

From the news perspective, signs of easing in the US-Iran situation have appeared for now, but it mostly remains at the "verbal confrontation" stage. Both sides have made statements; Iran's stance remains firm. While market sentiment has improved somewhat, safe-haven factors have not been fully resolved.

Trading suggestions:
If the price rebounds to around 76,800-77,000, continue to watch for potential pullbacks.

First target: 75,500
Second target: 74,500

If a strong breakout occurs above 77,000 and stabilizes, the short-term outlook shifts to a bullish trend, with further rebound potential to watch.

Market behavior is unpredictable day by day; don’t get emotionally attached—just follow the rhythm.
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