Over the weekend, there were no significant news events impacting cryptocurrencies, aside from the situation between Ukraine and Russia. To summarize the intelligence briefly: Ukraine accepted a 30-day ceasefire proposal from U.S. President Trump last month, but after the Russian side rejected it, both sides only agreed to limit attacks on energy facilities and maritime operations, while accusing each other of violating the agreement.
On the other hand, the U.S. stock market was closed yesterday due to Easter. Bitcoin prices did not show significant fluctuations, remaining within a narrow range of $84,000 to $85,000, with the latest quote at $84,600, down 0.56% in the last 24 hours.
Bitcoin four-hour chart
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Currently, the Bitcoin price is hovering between the middle and lower bands of the Bollinger Bands. The overall opening of the Bollinger Bands is narrowing, indicating reduced market volatility and a phase of consolidation. If the price effectively breaks above the middle band, it can be seen as a short-term rebound signal. If it falls below the lower band, it may trigger a new round of decline. The MACD indicator shows that the DIF line is slightly above the DEA line, indicating that bulls still dominate, but the trend is weak. The MACD histogram shows green, indicating weakening momentum, which may signal a price correction or consolidation. After forming a golden cross at low levels, the K and D line values are moving relatively flat, while the J line value is still low with signs of rebound but not strong. If the KDJ three lines continue to converge at low levels, there is hope for new rebound momentum. The current price is around the 61.8% and 78.6% Fibonacci retracement levels, with 78.6% forming short-term resistance and 61.8% as short-term support.
In summary, the short-term trend is leaning towards a weak consolidation shape, but no clear downward trend has formed yet. The upper short-term resistance is at 85,142; if broken, it could target around 88,780. If it cannot effectively stabilize above 85,142, then look for a short-term pullback to around 83,456.
In conclusion, the author provides the following suggestions for reference
Suggestion One: Short around 85,800, target 83,400, stop loss at 86,300
Suggestion Two: Long around 83,400, target 85,800, stop loss at 82,900
Rather than giving you a 100% accurate suggestion, it’s better to provide you with the correct mindset and trend. After all, teaching someone to fish is better than giving them fish; suggestions may help you earn temporarily, but learning the mindset will help you earn for a lifetime! The focus should be on the mindset, grasping the trend, and planning positions in the market. What I can do is use my practical experience to assist everyone, guiding your investment decisions and management towards the right direction.
Drafting time: (2025-04-21, 01:00)
(Written by - Author's Crypto Insights) This is hereby declared: Online publication has delays, and the above suggestions are for reference only. The author is committed to research and analysis in the fields of Bitcoin, Ethereum, altcoins, forex, stocks, etc., and has been involved in the financial markets for many years with rich practical experience. Investment has risks; enter the market with caution. For more real-time market analysis, please follow the author and explore discussions together.#MichaelSaylor暗示增持BTC
