4.17 Bitcoin continues to fluctuate upwards, slight pullback to continue buying
The 4-hour Bitcoin price shows a trend of fluctuating upwards after a wave of decline. However, the current price movement is constrained by the upper and lower bands of the Bollinger Bands, indicating a consolidation phase. Recently, a combination of three consecutive bullish candles and a doji star has appeared, suggesting that there is upward momentum following some local adjustments in the short term, but the market is still accumulating bullish and bearish forces.
In the short term, the price remains in a fluctuating upward trend. However, the consolidation near the middle band of the Bollinger Bands and the failure to effectively break through the upper band indicate that there may be some pressure in the short term. Key resistance levels of 85760 and 88752 may suppress upward price movement, while support levels of 84431 (Bollinger Bands middle band) and today's low of 83063 need to be monitored to see if the price downtrend finds support.
The current price shows a fluctuating upward trend, and chasing after price increases is not recommended. It may be considered to wait for the price to pull back to the significant support level near 84431 before entering the market. Friends who have not had ideal trading results recently can consult btc0796 to find me and discuss the market together.
Buy Bitcoin at 83500-84500, with a target around 86500-88500. Stop loss at 82500.
Buy Ethereum at 1540-1580, with a target around 1680-1820. Stop loss at 1500.
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