4.29 Market Outlook | $BTC Volatility consolidating and building strength, the low-buy main line remains unchanged



Overnight BTC completed a deep pullback within the range. After dropping from the 77,450 high to 75,600, it quickly rebounded. Although intraday price swings have intensified, the overall price action is still broad consolidation within the upward channel since 70,400, and the structure has not been damaged. The current pullback is viewed as a healthy adjustment within the trend, and there is still momentum at the weekly level for a second push higher. From an execution standpoint, stick to the core strategy of buying on dips and wait for the market to finish gathering strength.

Core strategy:

• Long order zone: 76,200-75,700

• Target: 77,000 (initial). After a valid breakout, look for 78,000

• Key risk control: If the close is below 75,500, a reassessment of the trend is required $BTC $GT $ETH
BTC1.52%
GT0.66%
ETH2.78%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments