April 29 Evening

Thoughts and Analysis:
Bitcoin previously surged strongly all the way up to 79,485, with unstoppable momentum, as if about to soar to the sky, igniting market enthusiasm and everyone rushing to buy high. Unexpectedly, the rally was short-lived, and the market quickly turned downward, falling back to the current price of 75,878. Currently, market sentiment is panicked, with everyone debating whether this is a brief correction or the top before a major drop.
From a technical perspective, the medium- and long-term moving averages still remain in a bullish arrangement, but the short-term averages have clearly flattened, and the upward momentum has already diminished. The MACD indicator is showing signs of turning downward, with the two lines preparing for a death cross, and the red histogram continuously shrinking, indicating the bullish strength is waning. Although the overall trend seems intact, the upward movement is essentially at its end, and a correction signal has appeared. I remain firmly bearish on the market, with a high-altitude strategy unchanged, waiting for further weakness to realize profits.

Trading Suggestions:
Bitcoin: rebound to 76,500-77,200 short, target 75,000, 74,000.
Altcoin: rebound to 2,290-2,310 short, target 2,240, 2,230.
$BTC $ETH #加密市场小幅下跌