Thursday, April 30th Market Analysis

From the current market structure, on the four-hour timeframe, Bitcoin faced resistance when surging higher and then continued to decline, with highs gradually decreasing and lows constantly being refreshed. A clear downtrend structure has already formed, and the bearish trend is evident. The market has been continuously closing lower with increased volume, and selling pressure above remains persistent. The bulls have failed to establish effective support. The price has broken below the previous support level, indicating an extremely weak overall trend. The slight rebound during this period is only a correction within the downtrend. The previous support has turned into a strong resistance zone. If the price cannot regain stability in this area, the bearish dominance will be difficult to reverse, and the market is likely to continue oscillating downward.
Trading Suggestions
BTC Trading Advice: Short near 76,300-77,000, take profit at 74,800-73,300, stop loss at 77,600
ETH Trading Advice: Short near 2,260-2,300, take profit at 2,200, stop loss at 2,330
Low-level long positions suggested: Long near 2,230, add positions around 2,180-2,200, stop loss at 2,160