4.29 Bitcoin is oscillating downward, wait for a pullback to enter long, continue to be bullish
The 1-hour chart shows that Bitcoin's price has been in continuous decline after encountering resistance at 95578. Currently, the price is still testing the downside, and it is clear that it has not yet bottomed out. Combined with the appearance of a doji, it may face a trend reversal downward in the short term, so pay attention to the support level at 92700 for a potential breakdown.
Currently, the market is in a slow oscillation. If it continues to dip near the bottom around 93000, you can continue to add positions for a long. From a technical perspective, the MACD's death cross formation has caused a short-term price decline, but overall, it is still in a pullback support stage. As long as the key support holds, the bullish outlook remains. Friends who are not satisfied with recent market operations can consult btc0796 to discuss the market together.
Long Bitcoin at 92500-93000, target near 96000-99000. Stop loss at 91500.
Long Ethereum at 1710-1750, target near 1880-2020. Stop loss at 1660.