4.18 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

The intraday market is relatively calm, overall fluctuating within a wide range, with the current trend rebounding after a dip. The intraday low touched around 83700 and reversed, and after the price once again tested the resistance around 85450, the market began to be under pressure and adjusted. Looking at the daily chart, the price remains within the range, with the low hitting the support of the 30-day moving average. Currently, the market is testing resistance at the 60-day moving average, and the overall trend is a slight consolidation. Mr. Coin believes that if the price can further rise intraday and break and stabilize above 86000, the upward trend is expected to continue; otherwise, the fluctuating market will continue.

Looking at the four-hour chart, the Bollinger Bands have flattened again, and after multiple failed attempts to test the middle band, the price has risen slightly, running above the 7-day and 10-day moving averages. The MACD shows a DIF of 266.33, DEA of 288.33, and MACD histogram of -44.02, indicating a weakening of market momentum in the short term. The RSI on the four-hour chart is 56.29, close to the neutral zone, showing no obvious overbought or oversold signals. The EMA7 on the four-hour chart is 84611.91, providing some support to the price. Overall, the probability of breaking upward is still relatively low, and the probability of continuing the overall range is very high. It is advised to mainly short at the high end of the range and to support with long positions at the low end.

4.18 Bitcoin Short-term Reference:

Light short position 85400-86500, stop-loss at 87900, target: below 84300,

Long position 83200-83800, stop-loss 500, target: above 84500,

4.18 Ethereum Short-term Reference:

Short position: 1630-1680, stop-loss at 1850, target: below 1500,

Long position: 1500-1550, stop-loss 30 points, target: above 1600,

The article has a delay in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgment, you must manage profit-taking and stop-loss to secure your gains.