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

I'll just give the conclusion directly:
👉 The market is only a short-term stabilization, not the time for a true reversal yet
🧠 What happened yesterday?
BTC rebounded from the support level of 75,700 given by the chief yesterday
The key points are:
1️⃣ 4-hour consecutive bearish candles failed, the continuous decline did not persist
2️⃣ No break below the key structure, returning to the bullish cloud in Ichimoku on the daily chart
3️⃣ A bottom formation appeared on the 4-hour chart
👉 Indicates the market is 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 Key levels
🟢 Support below: also the position of the 4-hour Vegas channel.
74,900
74,200
👉 Consider going long only after retesting this level
🔴 Resistance above:
77,700 (key level)
👉 Only if it stabilizes here
Can we look forward to continuing towards 78,500 – 78,800
👉 Core strategy:
Don’t place directional orders before key levels
📊 $ETH & $SOL
🔹 ETH:
Resistance: 2317 → 2338 – 2350
Support: 2210 – 2225
👉 First observe whether resistance is being suppressed, if the hourly closes above 2317, continue upward.
🔹 SOL:
Resistance: 85 → 87 – 87.4
Support: 81.4 – 81.9
👉 The structure is still relatively weak, with resistance at 85 switching positions, if the hourly closes above 85, continue upward.
🧠 The essence of the current market
👉 Is not a one-sided rise
👉 Nor a one-sided fall
👉 But:
Consolidation + waiting for the direction
⚠️ The most critical judgment
👉 The true reversal time:
More likely in early May (after May 3rd)
👉 The most likely way to lose money now:
❌ Prematurely betting on the direction
❌ Frequent entries
🧠 Do not trade before reaching the levels:
No action
👉 Do you think the next step will be:
Continue consolidating 📊
Or break through directly 📈
Leave a comment below. ####