Bitcoin Trading Strategy for April 18

Intraday BTC Market Analysis: From the 4-hour BTC chart, the price has been consolidating around 83000-86000 for 6 days, and the overall danger signal of upward pin bars still exists above.

The upward slope is too low, resulting in a weakening trend; it is best to pay attention to the breakout and breakdown situations at both ends of 83000-86000 before making decisions.

Trading Plan: BTC

1- Pay attention to the support results around 83000, if it stops falling, go long; if it breaks down, go short.

2- Pay attention to the resistance results around 86000, if it breaks through, go long; if it is under pressure, go short.