April 30 Evening Poem Viewpoint:


Pressure has not broken, continue to watch for a downward trend!

From the short-term hourly chart, the current price remains within a narrow range,
During the early trading session, selling pressure above continued to exert force,
The price attempted to rise multiple times but was met with strong resistance,
Successfully testing a short-term key resistance level,
The overall market remains under pressure.

During the rebound, the candlesticks repeatedly show upper shadows,
Fully reflecting that the bullish momentum is continuously weakening,
The rebound strength is far below expectations,
The situation where the bulls are unable to mount a strong counterattack is very obvious.
So far, Bitcoin's price has not been able to break through the 30-day moving average resistance,
The moving average forms a significant short-term resistance,
Becoming an important barrier to upward movement.

Regarding technical indicators, although some signals show a golden cross,
The overall market volume remains sluggish,
No new funds are entering to push the trend,
Relying solely on weak technical signals,
Cannot change the overall market pattern,
The subsequent trend will still be dominated by bears,
The probability of a decline is much higher than that of an increase.

Bitcoin suggestion:
You can go short at the current price of 76,100,
The short-term target is around 75,500,
Use the resistance above to position for shorts,
Follow the bearish trend for trading.

Auntie’s suggestion:
You can also follow the short positions simultaneously,
Focus on the support level around 2,240 in the short term.
BTC-0.14%
GT-0.68%
ETH-1.47%
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