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Wednesday, April 29th, Jingling Evening BTC/ETH Silk Share
The weak pattern remains unchanged, continue to look bearish
Last night's spot order perfectly took profit, easily pocketing 700 points of space.
Caught the short-term rebound rhythm in the afternoon and decisively laid out!
Keep up the effort, short-term longs gained another 900 points!
Although there was a rebound in the short-term market, it has not yet formed a sustained upward attack, and the overall price is still constrained by the bottom of the previous triangle range.
Currently, the volume increase has not broken through the lower edge of the previous upward channel, and the bullish structure shows signs of decreasing volume.
Until it stabilizes above the previous upward channel, it is not advisable to chase longs excessively.
The rebound of ETH and Bitcoin touches roughly the same range, both facing resistance and falling back near the bottom of the triangle range, and have not yet formed a further upward breakthrough.
The intraday market continues the previous consolidation pattern within the oscillation range, with no effective volume to break through.
The overall direction still depends on whether tonight’s Federal Reserve interest rate decision will signal a hawkish or dovish stance.
Trading Suggestions
Bitcoin (BTC): 77,200-77,700 range for shorting, target 74,900
Ethereum (ETH): 2,340-2,360 range for shorting, target 2,220
$BTC $ETH $SOL #加密市场小幅下跌 #以太坊基金会解质押约4890万美元ETH #跟单金牌星探 #伊朗提出霍尔木兹海峡重开协议条件