April 30 Morning


Thought Process Analysis:
Bitcoin's 4-hour trend shows clear resistance, with a continuous pullback after hitting resistance during the rally.
Market highs and lows are consecutively shifting downward, forming a complete downtrend pattern, dominated by bears.
The market is showing increased volume on the downside with heavy selling pressure above, and bulls are unable to defend or absorb the selling, with key support already broken.
The current rebound is merely a weak correction; old support has turned into new resistance. If it cannot return to this range, the downtrend will be difficult to reverse, and the market will likely continue to fluctuate downward.

Trading Suggestions:
Bitcoin: Pullback around 76,000-76,500, target 74,700, 74,000.
Altcoin: Pullback around 2,260-2,280, target 2,210, 2,180.
#加密市场小幅下跌 $BTC $ETH
BTC-2.36%
ETH-4%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments