Bitcoin Market Analysis (Fourth Week of April) - BTC
【Weekly Level】
1) The red box area on the weekly chart is a resistance zone, with three months of trapped positions on the left side. There has not yet been a single breakout signal in the technical and fundamental aspects, requiring multiple oscillations to digest the positions;
2) As long as the weekly support range (65200-73600) remains intact, we maintain the view from March 10 that the market is expected to challenge above 110,000.
【Daily Level】
The daily bearish OB (Order Block) has been triggered three times, with significant current pressure. In the short term, attention needs to be paid to the demand for a pullback, while the bullish OB support below is a key observation point.
【4-Hour Level】
1) The market has entered a tail-end oscillation phase, with weak trend continuity, maintaining a high short trading strategy;
2) 91,600 USD is a key short-term support. As long as it has not broken, we maintain the oscillation judgment. If it breaks below, it will test support at 88,500 USD.
Resistance Level: Daily Bearish OB Area
Support Level: 91,600, 88,500 USD
