4.29 Market Analysis BTC, ETH
Hello brothers, good afternoon! After a round of pullbacks at midnight, the big coin quickly rebounded, demonstrating strong resistance. At midnight, including the clear emphasis in the morning, it is currently suitable to operate around the top and bottom of the consolidation range. However, some brothers still hesitate to decisively take positions after a dip, instead asking whether they can chase after the rebound approaches the peak of the consolidation, which truly makes me laugh and cry.
The big coin is currently in a high-level consolidation on the daily chart, with wide fluctuations on the 4-hour chart. It is still advisable to adopt a strategy of selling high and buying low, focusing on the key level of 94300, with resistance at 95700, 96900, and around 98500 above.
If the 4-hour closing breaks below 94300, a pullback is expected, with support levels to watch at around 93500, 92700, and 91880.
Ethereum also maintains a 4-hour level of fluctuation. The core support level is 1795. If this position is not effectively broken in the 4-hour timeframe, it still has upward momentum after a short-term pullback, with resistance levels at 1825, 1855, and 1880 above.
Conversely, if the 4-hour closing breaks below 1795, a phase of pullback is expected, with support at 1780, 1765, 1740, and 1720 below.
