"April 29 Market Analysis: The Market is Starting to Catch Its Breath, But the Real Turning Point Hasn't Arrived Yet"

I'll state the conclusion directly:
👉 The market is only experiencing a short-term stabilization, not a true reversal yet
🧠 What happened yesterday?
BTC rebounded from the support level of 75,700 provided by the chief yesterday

The key points are here:
1️⃣ Four-hour consecutive bearish candles failed, the decline did not continue
2️⃣ Did not break through a critical structure, and in the Ichimoku Cloud, it returned to the bullish cloud
3️⃣ A four-hour bottom formation appeared

👉 Indicates the market has temporarily stabilized
⚠️ But here’s the key point: 👉 Stabilization ≠ Bullish Reversal
Many will start blindly going long here
But what truly determines the direction is the resistance above

📍 $BTC Critical levels
🟢 Support below: also the four-hour Vegas channel position.
74,900
74,200
👉 Consider going long if retesting these levels

🔴 Resistance above:
77,700 (key level)
👉 Only if it stabilizes here
Can we continue to watch 78,500 – 78,800

👉 Core strategy:
Don’t take directional trades unless at key levels

📊 $ETH & $SOL
🔹 ETH:
Resistance: 2317 → 2338 – 2350
Support: 2210 – 2225
👉 First observe if resistance holds, if the hourly close breaks above 2317, continue upward.

🔹 SOL:
Resistance: 85 → 87 – 87.4
Support: 81.4 – 81.9
👉 The structure remains weak, with 85 acting as both support and resistance; if the hourly close breaks above 85, continue upward.

🧠 The essence of the current market
👉 Is not a one-sided rally
👉 Nor is it a one-sided decline
👉 But:
Consolidation + Waiting for direction

⚠️ The most critical judgment
👉 The true time for a trend reversal:
Is more likely in early May (after May 3rd)
👉 The most easy way to lose money now:
❌ Prematurely betting on the direction
❌ Frequent entries
🧠 Do not trade unless at key levels
👉 Do you think the next step will:

Continue to consolidate 📊
Or break through directly 📈

Share your thoughts in the comments. ####