Bitcoin Market Analysis on April 11, 2025

Bollinger Bands Indicator: From the one-hour chart, the Bollinger Bands are opening downward with the current corresponding indicators at 82468-78270, with the middle band corresponding to 80370. Currently, Bitcoin has broken through the middle band attempting to stabilize on the midline; the market is about to enter a fluctuating upward trend.

MA5 and MA10 have crossed into a golden cross upward, with the MA5 corresponding to 79928 and MA10 corresponding to 79791, indicating a fluctuating upward trend. Support below at 78500.

The MACD fast and slow lines have crossed into a golden cross upward, with bullish momentum gradually increasing as the market enters a fluctuating upward phase.

The RSI indicator has crossed into a golden cross upward with corresponding indicators at 87-62, about to enter the overbought phase.

Currently, Bitcoin's lowest point yesterday was at 77102, and the second lowest point at 77594 did not break the previous low, showing a rebound.

There is a price resistance level at 82560 above, and support at 78580 below. From the candlestick chart, the market is entering a fluctuating upward trend.