Crypto Circle Mr. Coin: 4.29 Bitcoin (BTC)) Market Analysis

Referencing the current price around 76,300, the daily timeframe shows a downward probe toward the middle Bollinger Band support. MACD shows a bearish top divergence with a death cross, and bullish momentum continues to weaken. It has already shifted from an uptrend to a weak, sideways consolidation.

The 4-hour timeframe is even more direct: the price has been dropping all the way along the lower Bollinger Band. MACD shows a death cross with expanding volume, and bears fully dominate. Although KDJ is oversold, there is fundamentally no reversal signal—this downtrend has not ended.

The 1-hour timeframe is now a weak rebound after the drop. The price is still below the middle Bollinger Band. MACD, while forming a golden cross, has extremely weak momentum—so weak it’s pitiful. KDJ has already surged to a high level and is turning downward. This rebound is very likely a bull trap.

Overall, the bear pressure from the larger cycle has already come in, and any rebound on the smaller timeframe is an opportunity for you to short.

For resistance above, first look at 76,800, with stronger pressure at 77,600. If the rebound cannot stabilize, there is a chance of a pullback at any time.

For support below, first watch 75,600. If it breaks, it will directly go to 75,000. Follow Mr. Coin to get real-time market analysis.

4.29 Bitcoin short-term reference: 76800-77800 range (倥), defense 79500, stop loss 500 points. Target below 76000, with the 73500-74500 range (哆). Target above 752200, stop loss 500. Message sending may be delayed. Strategy suggestions are for reference only. Markets change in an instant. No matter how confident your grasp of the market is, be sure to set take profit and stop loss properly. Cash in profits and be at ease. #WCTC交易王PK #加密市场小幅下跌 #Polymarket每日热点 $BTC $GT $ETH