4.18 Bitcoin Analysis: Consolidation and Waiting for Direction

Market Status: Low Volume Fluctuation, Stalemate between Bulls and Bears

Bitcoin surged last night but has retreated, now hovering around 85,000. There has been no significant breakout or major pullback, a typical "chicken rib" market—neither tasty nor worth discarding.

On the 4-hour chart, the price is still oscillating within the range of **83,500-86,500**, and the trading volume is decreasing, indicating that the market is waiting and no one is willing to enter aggressively at this level. This kind of market can easily make people anxious to trade, but rash actions can lead to losses; patience to wait for direction is better.

Key Levels: Keep an eye on these points

Resistance above: 85,350 (short-term), 86,550 (only a breakout here can see new highs)

Support below: 83,350 (short-term bullish defense level), 81,800 (strong support, breaking here may weaken)

Trading Strategy: Buy low, sell high, do not chase highs or panic sell

1. If it pulls back to around 83,400, you can try a small long position, with a stop loss below 83,000, aiming for 86,000+

2. If it directly surges to around 86,500, do not rush to chase; observe if it can stabilize. A false breakout can easily lead to a sharp drop.

3. The most annoying scenario: continued narrow fluctuations between 84,000-86,000, in which case you can only make short-term trades or simply watch.

Summary: Patiently wait for opportunities, do not force it

In this market, either wait for a pullback to buy low or wait for a breakout confirmation; entering at the middle level can lead to frustration. The overall direction still looks bullish, but in the short term, it may require clearing out some participants, so do not get left behind or over-leverage too early.

(Personal opinion for reference only, the market has risks, do not be stubborn!)