Swing Trader’s Outlook – April 29, 2025 | Binance Pro Insights

BTC and ETH Eye Breakouts – Patience Paying Off for Mid-Term Holders

Markets are coiling, and for swing traders, consolidation means preparation. Bitcoin (BTC) continues to build a base above the key $62,500 support, with multiple rejections near $64K. A confirmed breakout above this level on strong volume could open the door to the $66K–$68K zone. Patience remains key, as the broader trend still favors bulls while short-term momentum resets.

Ethereum (ETH), holding steady around $3,090, is showing relative strength with a series of higher lows on the 4H chart. A break above $3,150 could initiate a swing leg toward $3,300, especially as staking flows remain strong and ETH/BTC shows signs of decoupling.

Swing Setups to Watch:

• AVAX/USDT: Consolidating above the 21EMA on the daily—watch for a breakout over $41.50 with volume confirmation.

• MATIC/USDT: Approaching demand zone around $0.91; reversal candlestick patterns forming on the daily.

• ATOM/USDT: Bollinger Band squeeze developing—expect expansion soon. Ideal for breakout traders.

Macro Context:

Markets remain sensitive to macro headlines, but the technical structure is favoring bulls. As long as BTC holds its trendline and ETH maintains support, risk-reward remains favorable for mid-term longs.

Risk Management Tip:

For swing trades, set wider stops but remain disciplined. Focus on confluence zones—where price structure, volume profile, and RSI/momentum indicators align.$ETH