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 trend reversal yet
🧠 What happened yesterday?
BTC rebounded from the support level of 75,700 given by the chief yesterday

The key points are:
1️⃣ The four-hour consecutive downtrend failed, the continuous decline did not continue
2️⃣ Did not break below the key structure, and returned to the bullish cloud in the Ichimoku chart
3️⃣ A four-hour bottom formation appeared

👉 Indicates the market has temporarily stabilized
⚠️ But the key point is: 👉 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 four-hour Vegas channel position.
74,900
74,200
👉 Consider going long only after 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 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 to look higher.

🔹 SOL:
Resistance: 85 → 87 – 87.4
Support: 81.4 – 81.9
👉 The structure remains weak; the 85 resistance is interchangeable. If the hourly closes above 85, continue to look higher.

🧠 The essence of the current market
👉 Is not a one-sided uptrend
👉 Nor a one-sided downtrend
👉 But:
Consolidation + Waiting for direction

⚠️ The most critical judgment
👉 The true trend reversal time:
Is more likely after early May (after May 3rd)
👉 The most common way to lose money now:
❌ Prematurely betting on the direction
❌ Frequent entry and exit
🧠 Do not trade before reaching key levels
👉 You might think the next step will:

Continue to consolidate 📊
Or break through directly 📈

Share your thoughts in the comments. ####加密市场小幅下跌