4.14 Afternoon Analysis

From the 4-hour technical chart of Bitcoin, the moving average system presents a chaotic and divergent state. Combined with the recent characteristics of price oscillation, it will still take some time to form a clear one-sided trend in the short term. Currently, the overall K-line structure leans towards a bearish pattern, and attention should be focused on the price consolidation and correction in the next couple of days to observe whether the downward trend can continue.

Looking at the hourly trend, the Bollinger Bands are gradually narrowing, and the price fluctuation range continues to shrink. The market is in a phase of consolidation and waiting for a breakout opportunity. For intraday short-term trading strategy, it is recommended to maintain a short-selling approach on rallies. If the price unexpectedly breaks through the key resistance level upwards, then adjust the trading strategy flexibly. One could consider placing short positions near 85000.