April 29th, Wednesday midday market outlook and analysis

After the market structure surged high, it moved into a pullback and correction. Although the upward push did not reach the expected strong momentum, the pullback phase has been relatively weak and dominated by sideways consolidation. Overall, the market is clearly biased toward a bullish structure. The repaired upward trend is still ongoing, and this week’s overall thinking remains unchanged: continue to follow the bullish path as prices move higher.

On the daily timeframe, after prolonged range-bound consolidation within a box, the price has effectively broken upward out of the range. This has driven the trading channel to shift upward in sync, opening up additional space for further upside. Bullish volume continues to expand and arrange itself steadily, while all moving averages turn upward simultaneously. At the moment, the market is in a corrective upward recovery rhythm. The strong rally pattern is clear, and the bullish advantage is very evident. In terms of execution, the strategy is mainly to open positions on low entries (buy the dips).

Bitcoin trading reference: buy below 77000, target 78200—79200.
Ethereum trading reference: buy below 2320, target 2375—2425.$BTC