【BTC Operation Daily Report｜April 22, 2025】
1. Price Overview：
Current BTC price is 86,845 USDT, with an intraday decline of about -1.37%. The price is close to the lower Bollinger Band, facing short-term pressure, and a high-level oscillation downward structure is beginning to emerge.
2. Bull-Bear Game：
• Retail investor long-short account ratio is declining, indicating short-term market bearishness;
• Large holder positions show a continuous decline in long-short ratio, with a significant increase in short positions;
• RSI is approaching oversold territory, and there may be a technical rebound in the short term, but it remains in a weak structure.
（Chart: Bull-Bear Accounts & Position Ratio Continuous Decline）
⸻
3. Capital Flow：
• In the last 4 hours, there was a net inflow of 1,134 BTC from main players, with a net inflow of 301 BTC from large orders;
• The cumulative net inflow over 5 days reached 1,644 BTC, indicating long-term capital still entering the market.
• However, current short-term momentum is weakening, and long positions are being pulled back gradually.
（Chart: Large Order Net Inflow Trends and Distribution）
⸻
4. Operation Suggestions：
• Support levels to watch are in the range of 85,700–86,000; if it stabilizes, light positions can be taken for a short rebound;
• If it breaks below 85,000, caution is needed for downside risks;
• Pressure level of 88,000 should not be broken; heavy positions on the rise are not advisable.
⸻
5. Trading Sentiment Analysis：
The market is short-term bearish but not extreme, and RSI has entered a technical repair area. If there are no macro negative shocks, the focus for the day can be on the changes in capital flow and rebound strength around the opening of US stocks.