4.17 Crypto Market Analysis: Bitcoin (BTC) Market Analysis Reference

The bullish sentiment in the market has warmed up in the evening, and the market has broken out and moved upwards, testing resistance at the 85500 level and pulling back. The current price has returned to above the 84000 region, and the market has entered a consolidation phase again, with both bulls and bears in a stalemate.

From the short-term hourly chart, the Bollinger Bands are in a contraction phase. The price has been relying on the 30-day moving average for adjustment and repair, closing above 84000 for three consecutive days, but has not broken through the key level above. The short-term structure leans towards a bullish oscillation. The fast and slow lines are still below the zero line, but the golden cross is moving upward, indicating a temporary reduction in bearish volume; attention should be paid to whether it can break through the zero line to confirm a trend reversal. SI (4H/Daily): 14 values 53/51, neutral zone, EMA: 7-day moving average (84318) crosses above the 30-day (83935), and the 120-day line (83133) serves as short-term support. The pressure at the integer level is evident, with significant selling pressure near the previous highs of 85500-86000. Therefore, it is not recommended to blindly chase long positions in the short term, and be cautious of the market being pressured to fall back again. Overall, the market shows a wide oscillation pattern, and there are no breakout signs, so the strategy is to maintain high shorts and low longs.

4.17 Bitcoin Short-term Reference:

Lightly positioned short orders at 85000-85800, with a stop loss at 87500; take profit: 500, target below 84000,

Long orders at 82200-83200, stop loss 500, target above 84000,

4.17 Ethereum Short-term Reference:

Short orders: 1630-1680 short, stop loss at 1850; take profit: 1800, target below 1500,

Long orders at 1480-1530, stop loss 30 points, target above 1600,

Please note that sending may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, regardless of how confident you are in market judgments, always manage your take profit and stop loss carefully to secure your gains.