April 30 Morning Market Analysis $BTC $ETH $DOGE

Yesterday's market showed a textbook-style bearish exhaustion test, with the price facing resistance at 77,800 and falling back, precisely testing the lower Bollinger Band at 74,800, a key support level, then quickly rebounding. The downward momentum abruptly halted. This deep retracement is a healthy technical shakeout, thoroughly clearing out uncertain floating positions and panic stop-loss orders in the market, significantly reducing the profit-taking pressure above, paving the way for subsequent bullish rises, with very strong bottom support.

From a technical perspective, although the MACD still shows a death cross pattern, the bearish downward momentum has already significantly contracted, and the bearish force is continuously weakening. This indicator recovery far outpaces the price recovery, a typical sign of the bears' last strength, indicating that the downside space is basically closed, and a short-term rebound is about to accelerate.

Trading Suggestions
Buy in batches around 75,400-75,800, targeting approximately 77,500-78,500.