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💢$BTC Outlook – April 29
Daily (D) timeframe:
Currently, $BTC has been pulled back into a corrective move.
The main resistance zone is around 78,500 – 79,500, while the nearest support is around 75,400.
The daily chart structure looks relatively weak, suggesting that selling pressure and short-term correction may still continue.
H4 timeframe:
The H4 candle has just opened and the current structure is still within an uptrend.
This indicates that $BTC could still have a strong bounce before deciding the next major direction.
Monthly (M) timeframe:
On the monthly chart, the bullish trend is still intact.
Therefore, it’s important to wait for the monthly candle close to confirm the next long-term market signal.
➡️ Personal view:
On higher timeframes, $BTC is currently in a corrective phase, but the H4 structure still maintains an uptrend.
So there is a high probability that the market will see a strong rebound after testing the support zone.
Good luck trading everyone!
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