Ahead of the Federal Reserve decision in the early morning, BTC/ETH price levels and trading ideas for 4/29

The market’s current core contradiction is the game between “a technical rebound” and “uncertainty around the Federal Reserve decision.” From the chart, after BTC touched a stage low around 75,600, it carved out a round of repair and rebound. The price has returned to above the 77,500 level. In the short term, bullish momentum appears to be dominant, but the key resistance levels above remain firmly in place, and overall it has not broken out of the prior range-bound pattern with a slightly bearish bias.

Reference ideas:

BTC: The 77,500-78,000 zone is a strong resistance band; this is also the key pressure point for the short-term rebound. If the price spikes up into this range and meets resistance before falling back, you can consider taking short positions, with the first targets looking at the 76,000-75,500 support zone and a pullback there

ETH: In sync with BTC, the 2,330-2,350 area is a strong resistance zone. If it meets resistance, you can follow up with short positions, targeting the 2,280-2,250 range, and set the stop loss above 2,380

What needs to be emphasized is that tonight’s early-morning Federal Reserve interest rate decision is truly the “main event.” The current rebound is more a technical correction ahead of the event rather than a trend reversal. Market sentiment may swing dramatically at any time based on the decision outcome. In trading, be sure to control your position sizing—don’t go heavy, don’t hold positions recklessly—strictly set stop losses. Market conditions can change in an instant. The ideas above are for reference only; profits and losses are your own responsibility.
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