$BTC

April 15th Bitcoin Analysis

Looking back at the midnight session, Bitcoin has been trading in a tight range, showing significantly reduced volatility compared to previous days. Price has been repeatedly moving within the 85171–84377 box, showing limited upside due to resistance from the upper Bollinger Band and EMA moving averages. The short-term top remains around 88000.

Ethereum has also shifted into a narrow range, hovering between 1650–1603. On the 4H candlestick chart, the market is presenting a clear top divergence pattern. While the DIF and DEA indicators are still at elevated levels, they are now starting to spread downward — a signal of weakening momentum, especially in contrast to the previous bullish candles.

The Bollinger Bands are beginning to contract, with upper resistance at 85700 and support at 82700. Around 86000, a short-term resistance wall has formed. Bulls have tried multiple times to break through, but each attempt has failed to hold. If no effective breakout occurs soon, 86000 may become the top of this rebound cycle.

Key Levels

Small timeframe: Support: 83500, Resistance: 86000

Larger timeframe: Support: 81500, Resistance: 88000

Market Sentiment

Long/Short Ratio: Bullish 50.1%, Bearish 49.9%

ETF Activity: 420 BTC flowed out on April 14th

Conclusion:

The outlook remains unchanged.

Above 85000, consider selling a portion of your spot holdings.

If price reaches 87000, it's recommended to reduce at least 50% of your position to guard against a potential pullback.

Based on current indicators, 88000 may mark the peak of this bullish leg.