April 29 Morning Poem Fate Viewpoint: Suppression is obvious, follow the trend to short and watch the target!

Yesterday's market trend completely aligned with previous predictions, with a short-term surge testing resistance levels but failing to continue upward. During the early morning, the market stabilized and rebounded from around 75,600, completing the price recovery, then again launched an attack near 76,500, the short-term resistance level. Unfortunately, it was met with resistance and fell back, with the current price fluctuating around 76,200. Ethereum followed Bitcoin's trend, rebounding to around 2,300 early in the morning, but the upward momentum quickly exhausted, then the price fell back into the previous consolidation zone.

The short positions arranged at the early morning rebound high are still holding, and the market trend continues to confirm the bearish outlook. Friends following along may continue to hold and patiently wait for further market realization.

From the current technical pattern, after the price broke below the key area of the lower Bollinger Band, it briefly paused without showing strong stabilization signals. The overall candlestick pattern remains dominated by bears, with the rebound strength still weak. Meanwhile, all cycle moving averages have formed a bearish alignment, creating multiple layers of resistance, making it very difficult for bulls to break upward.

Currently, the core resistance above Bitcoin has moved down to around 76,500, and recent market volume has been continuously shrinking. The bullish momentum for an upward attack is insufficient. The key support below is focused on the 74,500-74,000 range, which is a previous high-volume trading area on the daily chart, providing strong support. Combining the four-hour trend, all moving averages are aligned bearish, and various indicators are trending downward. The market is in a main decline phase. Until a clear long lower shadow stabilization signal appears or a long period of volume contraction and consolidation occurs, any short-term rebounds do not indicate a trend reversal. Overall, the trading strategy remains bearish.

Bitcoin suggestion: Short around 76,300-76,500. Target 75,500, break to watch 74,000.

Altcoin suggestion: Short around 2,290-2,300. Target 2,250, break to watch 2,200.