Bitcoin Market Analysis on April 18, 2025

Bollinger Bands Indicator: From the one-hour chart, the Bollinger Bands are opening upwards with the current corresponding indicators at 85226-84146, and the middle band corresponds to an indicator of 84694. The market is currently experiencing oscillating upward trends.

The MA5 and MA10 are crossing with a death cross moving downwards, with the MA5 corresponding to an indicator of 84811, and the MA10 corresponding to an indicator of 84887, indicating sideways oscillation. Support is at 83662.

The MACD fast and slow lines are crossing with a death cross moving downwards, with bearish volume gradually increasing, indicating a trend of oscillating downward.

The RSI indicator is crossing with a death cross moving downwards with corresponding indicators at 55-56, indicating oscillating downward trends.

Currently, Bitcoin's lowest drop yesterday was at 83171, with a price resistance level at 85496 above, and support at 83171 below. From the candlestick chart, the sideways oscillation range is between 85400-83000.

Resistance level is at 86400.

Support level is at 83300.