4.29 Afternoon Thought Sharing

From the four-hour chart, after Bitcoin's recent surge and encountering resistance, it has shown a clear high-level pullback pattern, with the rebound momentum weakening. Overall, it is in a downward correction phase. The previous upward momentum quickly exhausted after reaching the high point, and the subsequent pullback directly broke through the key trend point of the upward trend. The subsequent rebounds also failed to re-establish above the trend line, representing a typical weak consolidation after an upward trend ends. The current price rebound is more of a correction during the decline and has not formed an effective reversal signal. The highs are gradually declining, and the rebound is weak, indicating a bearish-dominated, weak oscillation. In the short term, as long as the rebound cannot break through the previous resistance zone, this downward move may continue. Once the support below is broken, a new downward space will open. Operation-wise, maintain a primarily short position, relying on resistance levels for layout, and wait for further confirmation of the pullback.

Bitcoin Trading Strategy: Short near 77,300-77,800, target 76,000
Altcoin Trading Strategy: Short near 2,340-2,360, target 2,300