Daily Market Analysis in the Crypto World (4.29) Summary: $BTC Currently, the white 4-hour pullback has completed an internal green 30-minute up-and-down structure. A break below 92700 indicates a continuation of the 4-hour pullback, while a break above 95800 signifies that 92700 is the low point, initiating the final 4-hour upward move, completing the entire pink daily rebound. This 4-hour upward move will finish and prepare the bulls to collectively exit. As long as 91000 is not broken, the overall direction still leans towards around 98500. A direct break below 91000 signifies the start of a daily pullback, making the rebound a chance to escape; naturally, 98500 will no longer be visible. Intraday, resistance and support can be around 92500-95500 for high selling and low buying, waiting for a direction. Breakthrough/breakdown stop-losses are essential. Recently, the key focus on the downside is the 91000 line, and on the upside, the key focus is 99000. As long as this daily rebound cannot pierce through 99000, there will be new lows below 74500. Even if it rebounds past 99000, there will still be a deep pullback at least down to 82000. May will see violent liquidations, and the main upward wave will arrive from June to July. 😊 When coming to the white ticket, don't forget to give a thumbs up, comment, and share!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
