April 14th Wall Street Morning Analysis (Beijing Time: 21:42)
🔸Key Changes in the Chart:
1. BTC has successfully broken through the downward trend line (orange line)
• After the breakout, it has continued to rise and is currently operating steadily above the trend line;
• Additionally, the current trend has formed a short-term sideways consolidation range, with prices consolidating between 84,000 and 85,200;
2. Approaching the previous high resistance area (red line 84,731)
• Repeatedly tested the red line but failed to break through with volume;
• Currently still under pressure from the red line, forming a small triple top risk;
3. Volume without continuation
• From the trading volume perspective, the recent volume surges during rebounds have not been able to sustain progress, indicating that the bulls are slightly losing strength;
• If it tests 84,700 again and remains under pressure, a small pullback for consolidation may occur.
Direction Choice:
Prioritize Long: If it pulls back and does not break the 83,500 support, a light position can be taken for long, targeting 85,800 or more.
Key Levels:
Resistance: Around 84,700
Support: Around 83,500
Strong Support: Around 82,000
