"Market Analysis on April 29: Successful Connection, But the Real Trend Will Have to Wait Until Early May"


I'll just give the conclusion:
๐Ÿ‘‰ The current market is just delaying time waiting for a trend change
The real direction will most likely not appear until early May
๐Ÿง  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
๐Ÿ‘‰ The key levels that need to be broken have all been tested

๐Ÿ“Š The current signals are very clear:
1๏ธโƒฃ Four-hour continuous decline failed again
2๏ธโƒฃ Daily chart tested the midline and rebounded
3๏ธโƒฃ The market is oscillating back and forth, with no trend continuation
๐Ÿ‘‰ Essentially, itโ€™s one sentence:
The main players donโ€™t want to give a direction, only want to oscillate

โš  The timing is very critical:
From a structural perspective:
๐Ÿ‘‰ Oscillation is likely to continue until around May 3rd
๐Ÿ‘‰ The real volatility may only come on Sunday

๐Ÿ“ $BTC Key levels
๐ŸŸข Support below:
74,250
73,800
๐Ÿ‘‰ Re-testing these levels, consider buying on dips

๐Ÿ”ด Resistance above:
77,200 โ€“ 77,500
๐Ÿ‘‰ If it reaches here again, short positions can still be considered
๐Ÿ‘‰ Core strategy:
High sell, low buy, but must stick to key levels

๐Ÿ“Š $ETH & $SOL
๐Ÿ”น ETH:
Resistance: 2308 โ€“ 2318
Support: 2185 โ€“ 2195
๐Ÿ‘‰ Prioritize a pullback at resistance
๐Ÿ”น SOL:
Resistance: 84.7 โ€“ 85
Support: 79.6 โ€“ 80
๐Ÿ‘‰ Still a weak oscillating structure ๐Ÿง  The current market essence
๐Ÿ‘‰ No trend
๐Ÿ‘‰ No clear direction
๐Ÿ‘‰ Only:
Oscillation + shaking out traders

โš  The most important reminder
๐Ÿ‘‰ The easiest way to lose money in these days:
โŒ Chasing rallies
โŒ Killing on dips
โŒ Frequent trading

๐Ÿ‘‰ Correct approach:
โœ” Stick to key levels
โœ” Small positions participation
โœ” Wait for a real trend change

๐Ÿง  To sum up in one sentence:
๐Ÿ‘‰ Small trends can be traded, big trends havenโ€™t arrived yet
๐Ÿ‘‰ The real opportunity is in early May

๐Ÿ’ฌ Interaction (must add)
๐Ÿ‘‰ Do you think these days will:
Continue oscillating ๐Ÿ“Š
Or change trend early ๐Ÿ“ˆ
Share your thoughts in the comments ###
BTC-0.98%
ETH-2.03%
SOL-1.07%
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YieldYardkeeper
ยท 1h ago
Frequent traders, here it is. They've been worn out from the friction, just wait patiently until May.
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GateUser-d2b4d9c6
ยท 7h ago
The last fluctuation before the market turns, I choose to lie flat; if I do nothing, I won't be wrong.
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GateUser-744c843b
ยท 9h ago
I believe the market will shift at the beginning of May, but will the Sunday fluctuations lead to an early move?
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GateUser-15b19a42
ยท 9h ago
The section chief's positioning is accurate, with 77,700 empty at 74,900+, the rhythm is perfect.
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StargazerInTheWoods
ยท 9h ago
This volatility washout is really intense; those who chased high yesterday are all wiped out today.
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GasInTheHourglass
ยท 9h ago
SOL is too weak, can't even reach 84, better to watch BTC.
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FoldedPrivateKey
ยท 9h ago
74250 long positions are closed, add another layer at 73800, leave the rest to time.
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ForkingDrama
ยท 9h ago
I tried ETH 2308 pressure, and it really can't push through; it pulled back.
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