Bitcoin Market Analysis on April 8, 2025

Bollinger Bands Indicator: From the one-hour chart, the Bollinger Bands are opening upwards. The current corresponding range is 81023-78655, with the middle band rising to a corresponding price of 79872. Bitcoin is currently rising at the upper Bollinger Band line. Moving Average Indicator: The 5-day moving average and the 10-day moving average have crossed into a golden cross. The closing price of the 5-day moving average is 79730, and the closing price of the 10-day moving average is 79322. The market is experiencing a volatile upward trend, with support at 78750 below. The MACD fast and slow lines have crossed into a golden cross, both moving upwards. The market has entered an upward phase. The RSI indicator has crossed to form a golden cross upwards, with corresponding values of 88-85. In terms of price fluctuations, Bitcoin's low point last night was 75734, with a second low of 77273, which did not break the previous low, resulting in a rebound to 79348 and then a pullback to 77984. There is a price resistance at 81120 above, and support at 78730 below. Currently, from the 15-minute K-line chart, this is a pullback after breaking through the upper Bollinger Band line, stabilizing at the middle Bollinger Band line before rebounding again.