#加密市场季度观察 4.19 Weekend Market Overview: BTC Mainly Sideways

Bitcoin opened this morning with small upper and lower shadows and a small real body bearish candle, mainly trading sideways with narrow fluctuations during the day.

Bitcoin is fluctuating in a narrow range of 84.2-85. In this kind of low volatility and low volume market, it is advisable to refrain from making trades, and there is no need to open positions; instead, take the time to rest, learn, and improve your understanding.

The upward resistance for Bitcoin is at 85; only after breaking through and stabilizing can we look at 85.8, 86.5, and 88.5. At that point, wait for the breakout to go long or set up a short position on the left side; the small support below is at 84.2, 83.5, and 83, where you can also set up a low long position on the left side. If it breaks and retests 85, falling below it, you can enter a short position in line with the trend, or if you are aggressive on the left side, directly set up a short position at 85. The trading strategy remains the same as in previous days; whatever level we reach, we will implement the corresponding strategy.

Yesterday the U.S. stock market was closed, with no ETF spot inflows. On the 17th, 1270 Bitcoin flowed in, and BlackRock has seen net inflows for four consecutive days, but the bearish sentiment for Bitcoin remains high, which is also the reason why Bitcoin has been consolidating in this range.

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