4.29.BTC.ETH. Midday Highlights

After a slight pullback last night, the market has rebounded, maintaining overall strength without a significant decline. If one must operate in such a volatile market, it is necessary to focus on the top and bottom of the trading range. Currently, Bitcoin is still in a high position on the daily chart, while the 4-hour cycle shows broad fluctuations, with both low and high patterns coexisting. There is no need to expect a major trend; flexibility in response is key during this sideways market.

Today, pay attention to the key support level of 94350 for Bitcoin. As long as the 4-hour closing stabilizes above this level, even if there is a slight pullback, there is still room for upward movement. The resistance above is at 95760, 96990, and 98500. If the 4-hour closing breaks below the support of 94350, the 4-hour cycle will confirm the start of a correction, with key support levels to watch at 93500, 92700, and 91860, gradually looking for new support.

For Ethereum, today we observe the line at 1795. As long as the 4-hour closing stabilizes above this level, a short-term pullback is a normal occurrence, and the overall trend still leans towards upward movement. The resistance above is sequentially at 1822, 1855, and 1880. If the 4-hour closing fails to hold, it will also enter a corrective phase in the 4-hour cycle, with support levels looking at 1780, 1765, 1745, and 1720.