April 29th Midday Market Observation
Bitcoin's short-term support level is at 92,800, with a defensive level at 91,600. It is recommended to engage in short-term operations in the 91,600-92,000 range, with a stop-loss set at 91,000.
If the defensive level holds, the market is expected to move upward.
The short-term pressure level above is at 95,700. A breakthrough would confirm a bullish trend, with targets at 96,800-98,500. Cautious traders may attempt near 98,500. Currently, the key support level on the four-hour chart is at 94,300.
Ethereum's defensive range is at 1,736-1,722. If the price retraces to this range, one might consider a small long position, with a stop-loss set at 1,700.
If this support range holds, the important pressure level on the four-hour chart is at 1,803. A breakthrough would target 1,856, 1,898, and 1,955; if the price falls below the support range, it may continue to decline.
The four-hour chart for Solana shows it is currently in a downward trend, with the last support level at 145. If this support level is breached, the target support range is 138-135, and one can consider low-position layouts in this range.
If it does not decline to this support level, one can wait for the four-hour close to confirm a breakthrough at 148 before considering a long position.
BNB is currently oscillating within a four-hour range, with the top pressure level at 609. A breakthrough would initiate an upward trend, with targets at 620, 636, and 642.
The bottom support level is at 592. If this support level is breached, there is a possibility of a decline to 576 and 566.
