April 10, 2025 Bitcoin Market Analysis

Bollinger Band Indicator: From the hourly chart, the Bollinger Bands are opening upwards, currently corresponding to indicators 85242-74507. The middle band is trending upwards, corresponding to the indicator 79875. Currently, the Bitcoin market is experiencing a volatile upward trend.

The 5-day moving average and the 10-day moving average are about to cross, indicating a potential death cross downward. The price of the 5-day moving average is at 82516, and the price of the 10-day moving average is at 82517. The market is in a volatile upward trend, with support at 80000.

The MACD fast and slow lines are crossing into a golden cross, with the fast line beginning to converge, indicating the market has entered a volatile phase and bullish momentum is weakening.

The RSI indicator is crossing into a death cross downward, corresponding to indicators 73-79, indicating an overbought phase.

Currently, the low point of Bitcoin's decline yesterday was at 74594, with a second low at 74957 showing a rebound, pulling back up to around 82445.

There is a price resistance level at 84760 above, and support at 80800 below. Currently, from the 15-minute candlestick chart, the market is entering a volatile upward trend.