BTC Analysis: April 27, 2025 Daily Chart
Bitcoin oscillated all day yesterday, and today it also experienced a brief spike, briefly touching around 95,500 in the morning before quickly retreating to around 94,000. Is this a false signal to buy or sell?
In terms of movement:
From the four-hour chart, the spike did not exceed the previous high around 95,800, and the pullback also did not break below the support range of 94,000, making it hard to choose. It is not clear whether this is a false signal to buy or sell; it is advisable to observe more and act less. In terms of smaller resistance levels, besides the previous high, the major resistance area above is around 98,800! Below, pay short-term attention to 94,000, but special attention should be given to the support around 91,800!
Is the buying power sufficient to push the price to the psychological level of $100,000, or is the market preparing for an adjustment wave?
