Evening Analysis by Chen Yue on April 14th, Monday

Observing the 4-hour chart, a three consecutive bullish candlestick pattern has formed an attacking shape, indicating that market buying sentiment is gradually warming up. However, there are currently two key signals to pay attention to: first, the MACD red bars are beginning to shrink, which poses a risk to the subsequent momentum of the bulls; second, the price is gradually approaching the upper Bollinger Band, an area that often tends to trigger technical selling pressure.

The key level of 86000 is a short-term dividing line between strength and weakness, and only a valid breakout can open up upward space. Below, there is dense buying support in the 83800-84000 range; if the price retraces and does not break this area, the trend will still maintain a strong structure.

Chen Yue's suggestion:

Bitcoin: around 84300-83800, aiming for 700-2400 typical targets.