"April 27 Market Analysis: Bitcoin Finds Support First, The Weekly Trend Has Changed."

Bitcoin's market finally moved yesterday on Sunday, and on the weekly chart, a bullish candlestick with a real body has closed above the EMA15 moving average. The trend of the moving averages shows signs of a bullish development, and the continuous green candles on the 3-day chart are missing just one big bullish candle. Therefore, starting this week, we need to understand: the reckless short-selling rhythm may need to be paused, as a longer bullish trend and a shorter correction might be more suitable for the current market.

‍$BTC On Bitcoin's chart, the short-term resistance is around 79,800; see if a brief pullback is possible. The major resistance on the daily chart is near 81,150. The support below is first seen at 78,300. If an opportunity arises, try to rebound; if the trendline here is broken thoroughly, it’s better to look at the support at 76,800.

‍$SOL The resistance for Solana is at 88.4 and 89.9. Solana's trend is very weak; if it reaches 89.9, you can try to trade the pullback. The support below is around 86.1 and 83.8.

‍$ETH For Ethereum, first observe whether the trendline on the 1-hour chart will consolidate sideways. If it consolidates, the support is around 2,340–2,335. If it breaks above here, the resistance is at 2,440.

In summary, the daily and weekly indicators tell us that the reckless short-selling rhythm may need to change. The market is always slow to react; it’s very unwise to hold short positions and suffer large losses. After pulling back at the key resistance levels mentioned above, it’s better to first look at the support levels for rebounds to set a better trading rhythm. #WCTC交易王PK