Thursday, April 30 | Awei Morning BTC / ETH Outlook


At the four-hour level, Bitcoin surged higher then faced resistance and pulled back, with highs gradually decreasing and lows continuously refreshing, forming a standard downtrend structure, clearly indicating a bearish trend.
The market continuously shows increased volume and closes in red, with selling pressure constantly releasing above, and bulls lacking effective support. The price broke below previous support, showing weak momentum, and the short-term rebound is only a consolidation within the downtrend.
The former support level has turned into a strong resistance zone. If the price cannot stabilize above this zone, the bearish pattern will continue, and the market is likely to keep oscillating downward.
Trading suggestions:
BTC: Short between 76,600–77,100, target 74,500
ETH: Short between 2,290–2,310, target 2,170
In one sentence:
Rebound faces resistance, the bearish trend remains, and sideways movement is the main pattern. #比特币现货交易量新低 $BTC $ETH
BTC-1.65%
ETH-2.97%
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