4.18 Zhang Lihui: Is Bitcoin's 83000 strong support successfully forming a bottom? After the volatility, will we see a big rise? Today's (BTC) market analysis and trading reference! #比特币走势分析 #BTC #BTC走势分析 #BTC🔥🔥🔥🔥🔥 $BTC

Yesterday early morning, Bitcoin just dipped to the second entry point given by Lihui below 83300 and formed an extreme rebound. Fortunately, everyone who had limit orders was not swept, waiting for a day, the market rebound still failed to break through the target point, maintaining a range-bound volatility. Additionally, today is Good Friday, and both the US and Hong Kong stock markets will be closed. Bitcoin is expected to continue to maintain volatility, with not much fluctuation. Those who have long positions at the bottom can take partial profits above 85000;

The daily chart for Bitcoin is currently close to the MA220 position, which was also the position where it dipped last night. This position can serve as a defensive point; if it holds, it can be regarded as the first entry point. The second entry position can continue to be placed within the EMA180 and EMA60 range mentioned by Lihui earlier, with the defensive positions still being the EMA120 and EMA80 range. Since we are experiencing volatility, short profits can definitely be captured. Just set a good stop loss; there’s no need to be too greedy with short profits, as the daily midline has been rising, currently close to the 83000 key point, forming strong support with EMA30. The fast and slow lines are still forming a golden cross, and the upper line is also rising past the EMA120 and EMA80 range. Therefore, it is recommended to take short positions when seeing good profits, unless the daily midline is directly broken, which is the recent low point of 83000 defensive position;

Now, to see the low point of volatility, we need to look at the lower band position on the 4-hour chart, which is also a low long entry point. Currently, the Bollinger band channel at this level has slightly risen, and the lower band is slowly moving up with the previously mentioned EMA120, EMA80, and EMA60 three-line support also synchronously rising. Therefore, the long entry point needs to be raised compared to yesterday and the day before; the fast and slow lines are facing critical pressure again, and we can continuously monitor whether there can be successful volume increase above the 0 axis and the successful formation of the golden cross on the water! If there is divergence, it will again lead to range adjustments!

Zhang Lihui, Beijing time April 18, 1:38 AM. Editor: Today's Bitcoin market analysis and trading suggestions:

Recommended short entry point one: 85100-85500; target 84500-83500; if broken 83400-83000, can continue to hold;

Recommended short entry point two: above 86100; add positions 87100-87500; stop loss 87800; target 2000-3000 can be adjusted freely!