$BTC

4.15 Bitcoin Analysis

Today, Bitcoin is generally maintaining a high-level sideways fluctuation, with expected resistance appearing around 86,000.

There is regional resistance in the 86,300-86,700 range above, and looking further up, there is also daily-level resistance at 88,000.

The market has already broken through resistance around 86,000, but the bullish momentum is weak. Currently, both bulls and bears are in a tug-of-war at this position. If the market does not break through the pressure zone above 86,000 soon, it is recommended that friends pay attention to high short opportunities at this position.

As long as the neckline around 88,000 is not broken, the overall strategy will lean towards high shorts, especially in the current situation where there is a desire to break through but is unable to do so.

For the bulls, a reversal in the market still needs time to verify, so it is not recommended to rush into long positions at the current price. It is advisable to wait for a pullback before considering long positions, especially if there is an opportunity to retest the 83,400-83,800 range.

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