Analysis of the Early Morning Thoughts on April 29
The big pie has been consolidating around 95,000 recently, entering a consolidation phase after two unsuccessful attempts to break through 96,000. Although the bullish sentiment remains, we need to be wary of sudden market changes. The important support level for BTC is in the 92,500-91,500 range. As long as the price stays above 90,000, the overall bullish trend remains unchanged. It is recommended to focus on bullish positions during pullbacks, with target levels of 93,500, 94,500, and 95,500 in sequence.
For ETH, pay attention to the support range of 1,750-1,720, where bullish positions can be established, with upward targets of 1,790, 1,840, and 1,880.
All support levels cannot be confirmed as valid until they are broken. It is advised to manage position sizes reasonably, defend your own interests, and patiently wait for opportunities.
Trading Suggestions
Big Pie: Bullish in the 935-925 range, target upwards at 945