4.18 Some counterfeit funds continue to flow out, Bitcoin still fluctuates within the oscillation range
Macroeconomic:
CPI data has been positive, but the current data in the U.S. is starting to show serious fabrication. However, the data indicates that there may be some decent technical market trends coming up, which means looking for a rebound.
Technical:
The market has been oscillating within the range, with upper pressure between 86200-85500 and support around 83000. It's been oscillating back and forth for almost a week, constantly fluctuating and wearing out.
BTC Daily - 4-Hour Level Market Analysis
Bitcoin's trend is quite delicate, with the 80,000 area still allowing for a bullish logic entry, and upper pressure still around 85500.
The current risk has ended, and it has been moving within the oscillating range. The cost of market fabrication is rising, and if it continues to struggle to rise, it feels problematic. It remains under upper pressure between 86200-85500, with support around 83000 to carry out range oscillation trades. Once it breaks down or breaks up and retests, one can chase long or short for right-side breakout trades.
ETH Counterfeit Large and Small Level Analysis
Ethereum continues to be useless, useless, useless. The intraday bottom continues to lower, with chip positions for upward movements around 1595, 1615, and final pressure around 1642. The most recent support is around 1560, and the pressure above Ethereum is quite heavy, making it difficult to trade. We still wait for a direction to emerge, with an extreme position around 1480.
