Thursday morning, April 30th, Bitcoin's outlook, Meinian's dust settling, bulls powerless to turn the tide

The market was already declining steadily yesterday, with no significant rebound after breaking below 760, until the news of Meinian's decision came out, and the bearish sentiment exploded. Bitcoin accidentally broke below 750, finally finding support around 748, then rebounded to the 760 area, but the short-term rebound showed obvious weakness.

Currently, both the structure and market sentiment are leaning bearish. The daily chart shows consecutive downward candles, with all indicators aligned in a bearish pattern. Meanwhile, the four-hour and hourly charts are resonating downward together, showing no signs of a rebound in the short term. Intraday, any slight rebound is a trap for short positions.

Referencing around 762 and 767, consider taking partial short positions, targeting 745. If broken, continue to look down to 730. If not broken, consider short-term longs. #加密市场小幅下跌