Evening Market Analysis on April 18
Technical Aspect: Price is close to EMA20, MACD red bars are shortening, and the trend is entering a consolidation phase with no clear direction yet.
News Aspect:
✅ Bitcoin halving successfully completed on April 20, the market had anticipated this in advance, and after the favorable news was realized, the capital flow tends to be cautious.
⚠️ The Federal Reserve's stance is hawkish, with no clear timetable for interest rate cuts this month; short-term capital is more defensive; the US dollar index remains strong, putting pressure on BTC.
❌ BTC spot ETF has seen a net outflow in the past three days, reflecting that institutional funds are temporarily withdrawing to observe, and the market lacks new momentum.
✅ Operation Suggestions
📈 Bullish
Entry Point: Above $85,500
Stop Loss: $84,500
Target: $87,000
Strategy Explanation: If the price breaks through and stabilizes above $85,500, indicating that bullish momentum is strengthening, consider going long.
📉 Bearish
Entry Point: Below $83,900
Stop Loss: $84,500
Target: $82,000
Strategy Explanation: If the price breaks below the $83,900 support, indicating that bearish strength is increasing, consider going short in the short term.
