Bitcoin 4.18 Market Analysis

In the past three days, the Bitcoin market has shown a state of liquidity scarcity, maintaining an overall high-level fluctuation pattern, and this situation is expected to continue in the short term.

Upon closely observing the hourly trends, the price has maintained a strong upward momentum until it encountered significant resistance near 85500, followed by a pullback. Overall, the price has consistently operated in the upper-middle range. For those looking to participate in trading, it is recommended to base operations on the current price level and adopt a strategy of selling high and buying low.

From the perspective of support and resistance levels, the current support range is between 83500 - 84120. Meanwhile, strong resistance is distributed across three key target levels: 85400, 86500, and around 88000.

Considering the market performance over these three days, the market activity is relatively low, making it suitable only for short-term operations. Unless special circumstances arise, it is difficult for the price to experience significant fluctuations. In such a relatively quiet market, partners might take this opportunity to rest, conserve energy, and wait for a more trend-driven market to arrive.