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"Market Analysis on April 29: Successful Connection, But the Real Trend Will Have to Wait Until Early May"
I'll just give the conclusion:
๐ The current market is just delaying time waiting for a trend change
The real direction will most likely not appear until early May
๐ง How did the market move yesterday?
Rushed up to the 77,700 resistance level โ retraced
Rebounded after testing the 74,900 support in the evening โ
These two levels were all covered by the chief
๐ The key levels that need to be broken have all been tested
๐ The current signals are very clear:
1๏ธโฃ Four-hour continuous decline failed again
2๏ธโฃ Daily chart tested the midline and rebounded
3๏ธโฃ The market is oscillating back and forth, with no trend continuation
๐ Essentially, itโs one sentence:
The main players donโt want to give a direction, only want to oscillate
โ The timing is very critical:
From a structural perspective:
๐ Oscillation is likely to continue until around May 3rd
๐ The real volatility may only come on Sunday
๐ $BTC Key levels
๐ข Support below:
74,250
73,800
๐ Re-testing these levels, consider buying on dips
๐ด Resistance above:
77,200 โ 77,500
๐ If it reaches here again, short positions can still be considered
๐ Core strategy:
High sell, low buy, but must stick to key levels
๐ $ETH & $SOL
๐น ETH:
Resistance: 2308 โ 2318
Support: 2185 โ 2195
๐ Prioritize a pullback at resistance
๐น SOL:
Resistance: 84.7 โ 85
Support: 79.6 โ 80
๐ Still a weak oscillating structure ๐ง The current market essence
๐ No trend
๐ No clear direction
๐ Only:
Oscillation + shaking out traders
โ The most important reminder
๐ The easiest way to lose money in these days:
โ Chasing rallies
โ Killing on dips
โ Frequent trading
๐ Correct approach:
โ Stick to key levels
โ Small positions participation
โ Wait for a real trend change
๐ง To sum up in one sentence:
๐ Small trends can be traded, big trends havenโt arrived yet
๐ The real opportunity is in early May
๐ฌ Interaction (must add)
๐ Do you think these days will:
Continue oscillating ๐
Or change trend early ๐
Share your thoughts in the comments ###