Bitcoin market analysis on April 23, 2025

Bollinger Bands Indicator: The one-hour chart shows the Bollinger Bands opening upwards, currently corresponding to indicators 94249-87361, with the middle band corresponding to 90805. The market is in a one-sided upward trend.

MA5, MA10, MA30, MA60, and MA120 are arranged in an upward sequence, with the MA5 moving average corresponding to 92914 and the MA10 corresponding to 92264. The market is in a one-sided upward trend, and MA5 is starting to close with a slight pullback trend.

The MACD fast and slow lines have crossed, indicating a bullish golden cross, but the bullish momentum is gradually weakening as the fast line begins to close, leading to market fluctuations.

The RSI indicator has crossed into a bearish cross, indicating a downward trend, with corresponding indicators at 25-50 and a slight decline in the market.

Bitcoin's low yesterday was 86349, with a second low at 86800. It did not break the previous low, rebounding from yesterday's high of 91339. The market is in a one-sided upward phase, with a price resistance level at 95000 above and support at 91800 below. Currently, from the K-line chart, the market is entering a phase of adjustment and fluctuation.