April 14: Can Bitcoin stabilize and break through the key position of 88.5K?

The weekly Bitcoin candle closed bullish, and the Southern forces ultimately did not break the balance to go below 70K. The weekly 50-day moving average support level is gradually moving upwards. The daily level closed with a bearish candle. Yesterday, Bitcoin made multiple attempts to break through 86K, which is also the pressure level of the 50-day moving average, but did not stabilize above it. The Northern forces must stabilize above the 50-day moving average to defeat the Southern forces; if this level cannot hold, they will still be attacked by the South. The daily level's auxiliary indicator MACD shows a potential top divergence pattern. From the daily chart perspective, a pullback is necessary. At the four-hour level, watch the lower level of 82500; if this level holds, one can consider going North. I analyzed this in yesterday's video. I personally held a short position at 85.5K going South, and this ticket may be held long-term by Old Wang. Today, one can go South when the North moves; the Southern forces' final defense position will be 88.5K, and stabilizing at 85.5K is necessary for a chance to touch around 88888.

Entry Ideas

Short-term entry South at 84500: Risk control 380 points: Target 600 points: If you want to hold longer, you can look for 1200 points: Risk control can be a bit larger.

Second South entry point at 85100: Risk control 1200 points: Target 2500-3500 points: If this order is triggered, you can take a medium line; there will definitely be a rebound in between.

Short-term North entry point at 83100: Risk control 420 points: Target around 1000 points.

Road conditions may change at any time, so prepare for unexpected events. Combine Old Wang's ideas with your own to summarize your trading system, and you will outperform most people. Not being affected by the market fluctuations is a must-learn course for everyone. May brothers find their own light in this chaotic market $BTC $ETH