April 29 Cryptocurrency Market Analysis

Today, the crypto market experienced volatility with clear differentiation, Bitcoin hovered at lows waiting for direction, ETH rebounded slightly against the trend, and overall market sentiment was cautious. Bitcoin's current price is around $76,700, down approximately 1.8% in 24 hours, reaching a high of $77,500 before encountering resistance and pulling back, with a low of $75,800, showing narrow-range consolidation. Ethereum remains relatively strong at $2,330, up 1.8%, with major coins showing mixed gains and losses, while most altcoins in the meme coin sector are sluggish, with some low-priced tokens catching up.
The entire network saw approximately $280 million in liquidation over the past 24 hours, with a slight increase in short liquidations, and leverage sentiment remains cautious; the Fear & Greed Index is at 29, returning to the fear zone.
On the news front, the Federal Reserve's interest rate decision was announced early morning, maintaining rates as expected and signaling a hawkish stance, which strengthened the dollar and suppressed risk assets; ongoing tensions in the Middle East persist, and capital inflow into BTC spot ETFs has slowed, with institutions remaining on the sidelines.
Technical analysis shows BTC is weak on the daily chart, with bottoming oscillations on the 4-hour chart, resistance at 77,500-78,000, and support at 75,800-75,000. ETH faces resistance at 2,350-2,380 and support at 2,280-2,250.
In the short term, the market is oscillating at lows with an unclear direction; avoid bottom fishing and chasing highs. Short-term positions should be small within the 75,800-77,500 range, with strict stop-losses, waiting for volume breakthroughs or pullbacks to confirm stabilization signals.
⚠️Risk Reminder: Cryptocurrency volatility is extremely high. The above is for market analysis only and does not constitute investment advice. $BTC