April 29th Bitcoin and Altcoin Evening Trading Ideas

The path of trading ultimately must be walked by oneself, and the criteria for judgment must also be set by oneself. There is no need to be carried away by market noise or to chase the rhythm blindly, nor should one easily shake their established direction due to short-term fluctuations. Stick to your trading system, stay clear-headed and calm, make only logical and correct decisions, and leave the rest to market verification.

The afternoon market continued the strong rebound and recovery rhythm. As of now, Bitcoin briefly reached around 77,870 before entering a short pause, and Ethereum also hit a stage high of 2,346 simultaneously.

From the daily chart structure, the previous double top correction has been fully recovered by the strong bullish candle on Wednesday, and the large-scale bullish trend has not been broken. On the smaller cycle, the market has entered a consolidation phase of oscillation and accumulation. Considering that after this rebound recovers the lost ground, there is no obvious retest space below, so we continue to maintain the bullish outlook. This pattern of repeated probing but unable to break lower is essentially a strong consolidation led by the bulls, rather than a sign of weakness. Therefore, short-term trading should still focus on a bullish approach.

Evening trading suggestions:
Aggressive traders in Bitcoin and Ethereum can directly follow with small positions near the current price; conservative traders can wait for a retest of key support levels before entering in batches.
Bitcoin upper target zone: 78,700-79,000;
Ethereum upper target zone: 2,380-2,400.
Note: The Federal Reserve's interest rate decision will be announced tonight, and market volatility may increase. It is necessary to strictly control positions, set stop-losses, and avoid abnormal fluctuations caused by news.