240414 - Bitcoin Market Analysis
First, the conclusion: Bitcoin's trend is showing reversal signals.
We can see that this wave of Bitcoin has risen from the lowest point of 74500 to the highest point of 86100, having briefly broken through 85200 to reach the highest of 86100 before facing resistance and pulling back.
Currently, it is consolidating in the range of 82800~85200 (as shown in the figure).
If Bitcoin can once again rise above 85200, then in the next phase, I will be bullish up to 87900, which is near the 0.382 resistance level.
However, if it cannot break through 85200 again, then 86100 may become a temporary high point. Bitcoin may once again test the support levels below (which are 82000 and 80000).