April 29 BTC Market Analysis

First, the conclusion: Short-term bullish, long-term bearish

Future short-term price trend: Being pressed within the bearish zone 77,744-76,835, and the bullish zone 76,498-76,762, with a battle between bulls and bears, choosing the direction.

Future medium-term price trend: A breakout above 77,744 will lead to a continuous rise toward the previous high near 79,300. If unable to break 77,744, it will first decline to find support between 76,498-76,762.

Future long-term price trend: If it reaches near the previous high of 79,300, it is likely unable to break that high, and will quickly fall below 78,200, then drop toward 76,498. After breaking below, it will seek 75,340, then fall further to find long-term support around 73,000.
If it cannot break 77,744, it will directly fall to find support between 76,498-76,762, then break below to 75,340, and finally down to 73,000. Price movement: Pressed within the bearish zone 77,744-76,835, and the bullish zone 76,498-76,762, battling between bulls and bears, choosing the direction.

Future medium-term price trend: A breakout above 77,744 will lead to a rise toward the previous high near 79,300. There is a possibility of a false breakout and a fall back; if it cannot break 77,744, it will first decline to find support between 76,498-76,762.

Future long-term price trend: If it reaches near the previous high of 79,300, it is likely unable to break that high, and will quickly fall below 78,200, then drop toward 76,498. After breaking below, it will seek 75,340, then fall further to find long-term support around 73,000.
If it cannot break 77,744, it will directly fall to find support between 76,498-76,762, then break below to 75,340, and finally down to 73,000.