BSB Market Analysis | April 29



Current Price 0.81040 (+7.57%)
24h High 0.94413 / Low 0.73696, Trading Volume 42.4632 million USDT

1-Hour Technical Analysis

· Moving Averages: Broken below MA5/MA10, only MA30 supports, bullish trend has been broken, selling pressure at high levels is evident
· MACD: Death cross formed, green histogram appears, bearish momentum is releasing
· Volume: Spiked then fell back, price and volume are weak, funds are fleeing

Key Levels
Resistance 0.84657 (MA10) → If rebound fails to break, expect further decline
Support 0.78 → If broken, look at 0.74

Strategy
Rebound from high levels, prioritize observation. If rebound does not break 0.84, consider a small short position, stop loss at 0.86, target 0.78-0.76.

Risk Control: Altcoins are highly volatile, be cautious of a second bottom during volume decline, strictly control position size, avoid chasing rallies or panic selling. $BTC $ETH
BTC1.23%
ETH1.87%
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