April 29 Evening Thought Sharing

From the four-hour chart, Bitcoin is currently in the stage of a pullback after a high-level stagnation, and bearish signals are gradually emerging.

After hitting the high point during the surge, the bullish momentum has significantly weakened, multiple attempts to break through have failed, and instead, long upper shadows have appeared at the high levels, indicating increasing selling pressure above. Subsequently, the market quickly retreated, the buying strength weakened, and the price center of gravity began to shift downward, with the overall trend shifting from a strong oscillation to a weak correction.
In terms of current market structure, the continuation of the upward trend has been broken, and after high-level consolidation, the market is choosing to release risk downward, which is a typical signal of high-level stagnation turning weak.
As long as the price cannot re-establish above the key level, the short-term bearish trend may continue, further opening the downside correction space.

In terms of trading strategy, mainly follow the trend for shorting at high levels, deploy in batches within resistance zones, avoid blindly bottom-fishing, strictly set stop-losses, and patiently hold to wait for the continuation of the correction rhythm.

Bitcoin trading strategy: Short around 77,800-77,300, target 76,000
Altcoin trading strategy: Short around 2,320-2,340, target 2,270