4.29 Initial Thoughts Analysis
From the current perspective, the downward momentum of the bears is gradually weakening, and the support zone shows signs of holding strength.
The hourly MACD is about to form a golden cross, and the RSI indicator is stabilizing around the 50 midline. Although multiple tests of the upper resistance level have failed, the pullback lows are gradually rising. Before the price breaks through resistance and support, it is recommended to adopt a range trading strategy, and in the afternoon, it is suggested to buy on the dips.
For Bitcoin, look for long positions in the 94000-93500 area, targeting around 95500.
For Ethereum, look for long positions in the 1760-1780 area, targeting around 1830-1850.
