Evening Market Analysis on April 29:

Today's Bitcoin price movement felt like a roller coaster! After a surge to 95,700, it quickly fell back, and the evening price by Lu Shi precisely hit the short position.

On the daily level, after a prior decline, Bitcoin's rebound faced resistance and has been trapped in consolidation. The price fluctuates between short-term moving averages, with significant divergence between bulls and bears. The rebound momentum is insufficient, failing to break through key resistance levels, which may signal a top formation. The upper Bollinger Band exerts strong pressure, and if it breaks below the middle band, downward space may open up.

On the 4-hour level, although there have been multiple upward fluctuations, the highs and lows keep reversing, making it difficult for bullish strength to continue. The strategy in the early morning can be to first observe the rebound testing resistance, then choose the right time to position for a pullback, and avoid blindly chasing higher prices.

Trading Suggestions:

For Bitcoin, range between 94,500-95,000, with the first target looking down towards around 92,700. If it breaks through, continue looking down towards around 91,700.

For Ethereum, range between 1,800-1,830, targeting down towards around 1,720-1,750.