BTC is struggling to maintain high points, and the upward momentum has quickly slowed down.
BTC Analysis: April 29, 2025 Daily Chart
The major coin is still operating within a range and has not shown a breakout from the range, so we will continue to view the market as oscillating within this range. The current price has fallen to around 94,000, so we are monitoring whether it can break below the oscillating range!
In terms of movement:
Looking at the four-hour chart, strong support below the oscillating range is around 91,800. Be cautious about going short before effectively breaking this position. The overall trend is biased towards oscillation and oscillation upwards! Pay attention to the minor resistance around 96,000 for the short term; only after breaking through this can we possibly challenge the resistance at 98,800. It is recommended to operate according to the oscillating range, selling high and buying low, and to set stop losses for breakouts!
