$BTC

4.12 Bitcoin Evening Analysis

The upward trend of Bitcoin has been performing quite well these past two days. If the four-hour level maintains this structure, we can expect another pullback and rebound, providing opportunities for both long and short positions.

At the four-hour level, the price is being pressured by the downtrend line around 84300. If the market cannot break through this level subsequently, we can expect a pullback from this position. Friends who want to short tonight should pay attention to signals around 84300.

In the short term, the market is still experiencing consolidation. The potential entry points for long positions are roughly around 80500-81300.

If we do not break above the 84300 level this time, the potential for upward movement will be compressed again. For the next rebound, it would be wise to lower the expectation for price movement, targeting around 83000. If we break above, we can look for pressure around 85000.

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