April 29 Bitcoin Ethereum Cycle Analysis

         Hello everyone, I am Dashan. I only focus on the trends of mainstream coins, providing daily cycle analysis. In the cryptocurrency world, when some people laugh, others will cry. I hope everyone is the former! To my fans and friends, I also wish everyone can achieve their goals in the crypto space!

                  Bitcoin is still continuing to consolidate, and it has been several days now. Yesterday's bullish candle was quite good. Looking at the recent days, the bulls have a slight advantage, but the strength of the breakout at this position is still not enough. Therefore, I do not recommend entering the market at the moment. You can look at the hourly level, where the price is oscillating in this upper area. So, I suggest everyone maintain a bullish outlook in the larger direction. Then, on the four-hour and one-hour charts, we see that it's oscillating and adjusting around this resistance zone. Currently, there has not been a significant breakout signal, and we are still in a stage of brewing market conditions. It is very likely the calm before the storm. Regardless of whether it moves up or down, when the time comes for a breakout, wait for a clear candle before chasing that direction; your chances of success will be higher. Do not choose a side prematurely during this oscillation phase, as it is very unfavorable.

                Regarding Ethereum, on the four-hour or daily chart, this descending trend line has been drawn for a long time. Now it is also being pressed by a horizontal resistance level. Currently, it is struggling to break upwards under the pressure of the trend line, and the bearish momentum downwards has not been released quickly. So, this position is actually quite random. We still need to wait, at least until we can break through this trading congestion area.

     Playing in the crypto world is essentially a battle between retail investors and market makers. If you do not have cutting-edge news or first-hand information, you can only be cut! 

   The article is time-sensitive, and the market changes in real-time. Specific actions should be based on actual trading. The above suggestions are for reference only!     

          Investment carries risks, and caution is needed when entering the market. #BTC #ETH $BTC $ETH