April 29 Bitcoin (BTC) Ethereum (ETH) market analysis with strategy order reference.

1. Technical Analysis
1, Bitcoin:
We mentioned Bitcoin a long time ago, entering the so-called wave theory 4-wave adjustment, as shown in the figure below (Figure 1). The white line trajectory around the 24th was provided by us, and yesterday we also mentioned that the white line turned into a yellow line for further upward adjustment. It has met the expected outcome. As for how it will move before the actual trajectory in the 92000 range, no one can know, because you simply don't know what the liquidity will be like at that time. As for why it can hold at 92600, you can refer to the review I just posted.

Next, it's time for our favorite drawing session. Overall, in the 4-wave structure, we can clearly see that the overall market is continuing to consolidate around a box pattern. Two key points need to be noted: one is the upper boundary of the box at 96000; if there is a valid breakout, it will reach the 99000 range. The day before yesterday was 97000; yesterday was 98000; and today it's rising to 99000. The daily data situation varies, and so do the points.

It is worth noting that the blue line represents the liquidity vacuum zone. If it falls below 90000, Bitcoin will quickly drop to the range of 88000 to 87000. If this fair zone is not recognized, then the pattern will deteriorate, leading to a deep pullback, and the next round is expected to wait until the interest rate cut window opens.

Pressure: 96000, a very critical point. If it can't hold, and the data situation is not good, eyes will quickly bring it down.

Support: In the short term, around 94000, the lower level is the lower boundary of the range we mentioned at 92000, and the key defensive level for buy is 90000.

2、Ether
Ether and Bitcoin are following the same trajectory, and as I said, Bitcoin is a barometer. At this stage, it is not yet time for Ether's altcoins to stand independently. The whole situation is consolidating around the upper track of 1840 and the lower track of 1740, with 1800 being the dividing line for Ether's strength and weakness.

Pressure: On the short term, we are looking at around 1805, with strong resistance at 1840;

Support: 1740, this level has been validated many times, with a lower level at 1680.