🤡 April 29 market opinion. 🤡
$BTC opinion:
The Bitcoin tried to challenge the previous high once but failed, missing it by less than $200. A large bearish candle has completely reversed yesterday's gains. Why has Bitcoin been so volatile these days? It's unclear what Bitcoin wants to do.
Bitcoin needs to break through a trading volume and close above the hourly level of 94692 to go long on the right side; otherwise, stop loss on a break.
A drop below 94388 with volume and unable to recover indicates a short on the right side, with a stop loss if it recovers, and be cautious of volume changes, and keep a good stop loss.
At 93542, a false breakdown and recovery allows for a light long position; if it breaks below 93000, stop loss, and if it doesn't recover, limit the position.
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Bitcoin needs to first break and stabilize above 94931 at the hourly level to continue looking up towards 95498-96203. If it can't go up today, then it really won't go up at all.
Watch for a 2B false breakout at 95658 above, and a light short position; if it stabilizes above 96426, stop loss.
Conservative players should wait to go long at 92581; a break below 92000 requires a stop loss.
At the hourly level, Bitcoin must follow a W-bottom pattern, and must break through the neckline at 95198 to continue extending the W-bottom pattern; otherwise, it is useless.
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Upper pressure: 95194-95511-96231
Lower support: 94029-93367-92560
If the 4-hour level breaks below 94319, it will go back to test 93577-92625 again. The current market is not suitable for a pattern because it is unpredictable; profits should be taken quickly, or all gains and principal will be lost.
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$ETH thought:
The second Bitcoin at 1804 has a volume drop, go long on the right side, with a stop loss on recovery.
At 1791, a volume drop indicates a short on the right side; keep a good stop loss.
If it pulls back to 1750, confirm that support is valid for a light long position; if it breaks below 1721, stop loss.
The second Bitcoin must first break 1807 at the hourly level before looking up towards 1850-1895, which is a bit challenging for the second Bitcoin.
Watch for a short position at 1857 above; if it breaks 1895, stop loss.
Left-side orders: long at 1673, stop loss if it breaks 1635.
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Upper pressure: 1811-1850-1895
Lower support: 1782-1749-1710
If the 4-hour level breaks below 1783, look down towards 1748-1712. Now it's a battle between bulls and bears; whoever wins will allow the market to continue; otherwise, it will keep fluctuating up and down until the meeting is adjourned.