BTC Analysis: April 28, 2025 Daily Chart
Bitcoin experienced a drop early in the morning, directly breaking below the short-term support of 94,000, with a brief low around 92,700. It has since rebounded and returned to around 93,700, so we need to watch if it can regain a position above 94,000.
In terms of price movement:
Looking at the four-hour trend chart, the effective support below has not been reached, indicating there is still a risk of further decline. If the rebound cannot return above 94,000, then this is merely a temporary bounce. Today's upward focus is on resistance points at 96,000 and 98,800, while the downward focus is on support near 91,800, which is also the gap fill position on the CME chart and an overall support level for the upward trend!
In summary, Bitcoin is at an important crossroads.
