April 15, 2025 Market Analysis

Yesterday's market analysis mentioned going long in the 82450-84200 range, with profit-taking targets in the 86000-87600 range. Those who took long positions yesterday can exit partially or fully at this position today. The author did not manage to place a long order yesterday and made a small short order today, currently at the edge of a loss (setting a stop loss at 86000 for everyone), but it’s not a big issue, just follow the trend. If this wave is missed, there will be another.

Technical Aspects: The current BTC price is 85400, positioned in an upward channel on the daily chart, and a rising wedge is forming on the 4-hour chart, indicating a short-term bullish trend. RSI has risen to 60, not yet entering the overbought zone, and the MACD golden cross continues with steadily increasing volume, suggesting that bulls still have room to maneuver.

Macroeconomic Aspects: The retreat of the US dollar index provides BTC with a breather, and expectations of relaxed cryptocurrency regulation from the Trump administration continue to boost market sentiment, with stable ETF inflows. However, global economic uncertainty and expectations of interest rate hikes from the Federal Reserve could trigger short-term volatility, necessitating attention to the correlation of risk assets.

Support and Resistance Levels

Support Level: The first support level is 84000; if it fails, attention shifts to 82500, with further downside to 80000.

Resistance Level: The first resistance level above is 86000; once broken, it can be seen at 87500, and if momentum is sufficient, it may challenge the psychological level of 90000.

Currently, at 85400, it is in a high consolidation area, so caution is required for pullback risks.

Trading Advice: Short-term advice suggests cautiously chasing long positions; aggressive traders can attempt to go long near 85400 with light positions, setting a stop loss at 84000 and targets at 86000-87500. If it bounces back and stabilizes at 84000, one can add to long positions. For short positions, wait for clear signals of resistance at 86000; conservative traders can try to short near 87500, with a stop loss set at 9000.

Strictly control position sizes and pay attention to changes in volume and macroeconomic news.