Riding the Cryptocurrency Waves: April 15 Bitcoin (BTC) Market Analysis Reference:

Bitcoin encountered resistance and fell after reaching a high, with intraday prices continuing to oscillate at high levels. From the daily chart perspective, the overall structure of the daily trend remains strong; the upper band of the Bollinger Bands is extending upwards, the bullish trend has not been broken but the momentum is weakening. In the EMA moving average system, the price is still above the EMA7, EMA15, EMA20, EMA30 and other short to medium-term moving averages, confirming that the large-scale bullish structure is intact, with bullish alignment of moving averages supporting the price. On the indicator front, the MACD indicator's DIF and DEA are maintaining an upward trend, indicating that medium-term bullish momentum is still present, but the height of the histogram has narrowed compared to previous peaks, suggesting a marginal weakening of upward momentum. The RSI indicator has retreated from the overbought zone and has not yet entered the oversold territory, showing that bullish force has somewhat released but not completely turned bearish; in summary, the daily level trend of Bitcoin remains bullish, with short- and medium-term moving averages and the middle band of the Bollinger Bands forming multiple layers of support, currently in a phase of high-level oscillation and digestion, with further upwards testing of previous highs still possible.

From the short-term 4-hour view, the price has continuously retreated after reaching a high of 76,000, currently trading around 74,000, in a corrective oscillation pattern after high levels. Regarding the Bollinger Bands, the price has retreated from the upper band to above the middle band, with the overall band remaining open; the upper band represents strong resistance, while the middle band forms core support, with the bullish structure not completely broken. In the EMA moving average system, the price is oscillating near the EMA7, yet it still holds above the EMA20, EMA30, EMA120 and other medium to long-term moving averages, with overall bullish alignment providing support for the price, and the medium-term trend remains bullish. On the indicator front, the MACD indicator has seen the dual lines contract and volume continues to decrease, indicating that bullish momentum has weakened and there is insufficient short-term upward driving force, indicating a demand for further adjustment. The RSI indicator is diverging upwards, and the KDJ indicator has formed a death cross with its three lines, with the J line quickly falling to a low; however, the J line is close to the oversold zone, suggesting the possibility of a rebound due to overselling. In summary, the medium-term bullish trend in the 4-hour view of Bitcoin remains unchanged, but short-term upward momentum is weakening, entering a phase of correction and digestion. The current local correction may be to build momentum for further highs; in terms of operation, the strategy remains to buy on lows during corrections.

Riding the Cryptocurrency Waves: April 15 Bitcoin Short-term Reference:

Long positions: Buy in the range of 72,800-73,300, stop loss 500 points, target 74,000-75,000,

Short positions: Sell in the range of 76,500-75,500, stop loss 500 points, target 74,500-73,500,

[The above analysis and strategy are for reference only; please bear your own risks. The article publication may have delays, and the strategies may not be timely, please do not operate blindly]

This content is originally shared by [Riding the Cryptocurrency Waves] and only represents personal opinions. The article may have delays and is for reference only; please do not operate blindly! If you want to get real-time trade updates daily, please follow my official account. Here, you can learn online about technical trading and understand knowledge related to exiting positions. I have many years of research experience in the market and focus on the major trends in the cryptocurrency world. I am mainly responsible for analyzing and guiding investment operations of BTC, ETH, SOL, BCH, and other coins. Welcome to study and research together.

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