4.30 Morning Bitcoin Market Outlook

Bitcoin was driven up and then fell back due to the Federal Reserve’s hawkish interest rate decision. The rebound lacks strength; it is currently holding a weak sideways range, with bears dominating the market.

The decision delayed rate cut expectations, directly breaking through bullish support. The market has been controlled by bears throughout the entire move; rebounds face pressure and weaken whenever they encounter resistance. The intraday focus is to short on rebounds at higher levels, and only test ultra-short-term long positions with a light position size at lower levels.

Heavy selling pressure is piled up overhead. Chasing longs carries extremely high risk. Going forward, it will most likely continue to trend weakly downward, with prices probing for support.

Trading Suggestions

Short in the 76,200-76,700 range on rebounds. The first target is 75,500. If it breaks, continue looking down toward 75,000 → 74,800$BTC $ETH