April 29, Wednesday Midday Market Analysis


The midday market continued the recovery and rebound trend since early morning, with a clear bullish volume increase on the 15-minute chart.
Looking at the 15-minute timeframe, the MACD has maintained its upward movement after the golden cross, with DIF and DEA widening their gap, and the red histogram bars continuing to grow.
Short-term bullish momentum around 77,000 is beginning to weaken.
Today, focus on the Federal Reserve's interest rate decision meeting early tomorrow, as well as the chain reaction caused by the ongoing escalation of the Iran-U.S. war.
A rally could be an opportunity for short positions to enter. Based on the information, every time the Federal Reserve changes its chair, there tends to be a wave of continuous volume-driven declines.
Be cautious to avoid risks, understand the market clearly, and operate accordingly.
BTC trading suggestion: Try short positions above 77,000, add to positions around 78,000, with a stop loss at 79,000, and take profit at 76,500-74,500.
ETH trading suggestion: Try short positions around 2,320, add to positions around 2,360, with a stop loss at 2,410, and take profit at 2,280-2,200.
Today may see large fluctuations, pay attention to risks. After adding positions, if prices drop, remember to reduce positions and take profits in batches.
BTC0.8%
ETH0.97%
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