April 29 Bitcoin and Ethereum Market Analysis: BTC, ETH Today's Highlights



Market Review

Yesterday, BTC continued its correction and consolidation, with the main trend remaining bearish. The 4-hour upward trend slightly broke support, with decreasing downward momentum. Pay attention to fundamental developments, consider taking profits on short positions near the top, and wait for a rebound to build new positions. The daily chart remains in a sideways upward movement, but the upward momentum is still weak. Signs of a top are emerging; wait for a rebound confirmation. Focus on rebound activity today; if the rebound is weak, consider adding to short positions.

ETH follows BTC in a synchronized correction and consolidation. On the 4-hour chart, there is no significant change in volume, maintaining a range-bound movement. Wait for a rebound to confirm a top signal. The daily chart shows a sideways range with insufficient volume. Watch rebound activity today; if the rebound lacks volume, consider adding to short positions. The main trend remains bearish.

Fundamental News: The situation between the US and Iran has eased again, with updates changing daily. Continue to monitor subsequent developments.

Main support and resistance levels for major coins today:

For today’s intraday market, BTC support is at 75,000-76,000, resistance at 77,500-78,000. ETH support is at 2,220-2,250, resistance at 2,320-2,370.
BTC0.49%
ETH1.82%
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