Mr. Coin in the Crypto World: April 29 Bitcoin (BTC) Market Analysis Reference

The current price of Bitcoin is around 76300. The daily level is testing the middle support of the Bollinger Bands downward, with a MACD top divergence dead cross, and bullish momentum continues to weaken, having shifted from an upward trend to a weak consolidation. On the 4-hour level, the price has been crashing down along the lower Bollinger Band, with a MACD dead cross expanding, and bears completely dominating. Although the KDJ is oversold, there is no reversal signal at all, and this downward trend is not over.

The 1-hour level is currently in a weak rebound after a drop, with the price still pressed below the middle Bollinger Band. Although the MACD has golden crossed, the momentum is weak, and the KDJ has already turned downward at a high position; this rebound is likely a trap for the bulls. Overall, the long-term bearish trend has come in, and the rebound in the short term is just an opportunity to go short. The upper pressure is first seen at 76800, with strong resistance at 77600. If the rebound cannot stabilize, there is always the possibility of a pullback. The lower support is first focused on 75600; if broken, it will directly go to 75000. Follow Mr. Coin for real-time market analysis.

April 29 Short-term Bitcoin Reference:

Range 76800-77800, defend 79500, stop loss 500 points, target below 76000

Range 73500-74500, target above 752200, stop loss 500

Send updates have delays, strategy suggestions for reference only, market changes rapidly, regardless of how well you perceive market conditions, you must always manage take profit and stop loss well, securing the gains.

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