April 17, 2025 Bitcoin Market Analysis

Bollinger Band Indicator: From the one-hour chart, the Bollinger Bands are opening upwards, currently corresponding to indicators 84970-83181, with the middle band corresponding to indicator 84076. The current price is in a sideways fluctuation

MA5 and MA10 have crossed downwards, with MA5 corresponding to indicator 84204 and MA10 corresponding to indicator 84132; the market is in sideways fluctuation. Support below at 83300

The MACD fast and slow lines have crossed upwards, indicating a weakening bullish momentum with a gradual downtrend

The RSI indicator has crossed downwards, corresponding to indicators 43-44, indicating a slight rebound in the market

Currently, Bitcoin's lowest drop yesterday was at 83050, with price resistance at 86300 above, and support at 83300 below. From the K-line chart, the range of fluctuation in the downtrend is between 84500-83800

Resistance levels at 84800, 86300

Support level at 83300