April 30 Morning Market Outlook

$BTC Looking at the four-hour chart, Bitcoin surged higher then faced resistance and pulled back, with the highs gradually declining and the lows continuously being refreshed. A clear downtrend structure has formed, and the bearish trend is now established. From the candlestick perspective, consecutive large bearish candles with high volume have crushed the market, with selling pressure continuously releasing above. The bulls are unable to sustain, and the price has broken through the previous consolidation support level. Currently, it is in a weak operational state, with limited rebound strength, typical of a downward continuation pattern. In the short term, the previous consolidation range has shifted from support to strong resistance. As long as the price cannot regain this zone, the dominance of the bears will remain unchanged, and further declines are likely. Overall, the current market is dominated by bearish forces; rebounds are opportunities to short. Trading strategy is to short on rallies and be cautious about bottom-fishing.

Bitcoin Trading Strategy: Short around 76,300-76,800, target 74,500
Altcoin Trading Strategy: Short around 2,270-2,290, target 2,220