Bitcoin failed to break through $86,000 last night, clearly showing a lack of upward momentum.
The U.S. stock market was closed on April 18 due to Good Friday, and the market has entered a holiday rhythm in advance.
Recently, Bitcoin has been relatively strong, repeatedly attacking resistance levels, and even able to recover in the face of negative news, but lacks favorable policies as a catalyst, making breakthroughs unlikely.
$86,000 is a key resistance level, and if it cannot be broken, sideways consolidation may also be possible.
If it is difficult to break through in the short term, high sell and low buy for a swing trade is a good choice,
$83,200 has strong support and has been validated multiple times. Ethereum is closely linked to Bitcoin; after struggling to break through $1,609, it has begun to adjust, with resistance above at $1,609 and support below at $1,552, allowing for high short and low long operations.
Currently, the market direction is hard to gauge, and we can only wait for favorable news to stimulate the market.
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