4/30 Bitcoin Market Analysis


The weekly rebound may have ended in terms of time and strength; what might be happening here is a second weekly bottom. Currently, the bullish support is at 73,500. There will be a rebound up to this point, but the rebound strength will not be too large. If the daily candle body does not close below this level, then the decline starting from 79,485 can be viewed as an adjustment from 65,000 to 79,485. Breaking below this level carries the risk of expanding into a new downtrend. In the long term, it still looks like a oscillating decline.
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