Wave in the Cryptocurrency Sea: April 25 Bitcoin (BTC) Market Analysis Reference:

After a spike, Bitcoin has retraced and the intraday market continues to oscillate at high levels. Observing from the daily chart, Bitcoin's current price is below the upper band of the Bollinger Bands, clearly pressured by the upper band. The MACD indicator shows that both the DIF and DEA are still operating above the zero axis, but the histogram is shortening, and bullish momentum is continually diminishing; although the RSI indicator remains in the neutral to strong area, it has begun to turn downwards and diverge, while the KDJ indicator shows three lines sticking together, indicating insufficient short-term upward momentum. Overall, BTC is in a high stagnation phase after a rise, with strong resistance above located in the range of 79,000 to 80,000, and there is a high probability of continuing high-level oscillation adjustment in the short term.

From the short-term hourly chart, Bitcoin at the 4-hour level presents a weak oscillation consolidation pattern, with the price under pressure from the EMA7 and EMA15 moving averages, fluctuating narrowly around 77,500. The Bollinger Bands channel continues to narrow, indicating a reduction in market volatility; the MACD indicator has formed a death cross above the zero axis, and the histogram continues to release, progressively strengthening bearish momentum; the RSI indicator has retreated to the neutral zone, and the KDJ indicator has encountered a death cross and is diverging downwards, indicating insufficient rebound momentum in the short term. Resistance is concentrated in the range of 78,000 to 78,500, while support is located around 76,000 to 76,500. If support fails, there is a high probability of further exploration near the lower band of the Bollinger Bands at around 76,000. The preferred strategy is to rely on key ranges for high selling and low buying while strictly controlling risk.

Wave in the Cryptocurrency Sea: April 25 Bitcoin Short-term Reference:

Long Position: Buy in the range of 76,000 to 77,000, stop loss at 500 points, target at 77,500 to 78,500,

Short Position: Sell in the range of 79,200 to 78,200, stop loss at 500 points, target at 78,000 to 77,000,

[The above analysis and strategies are for reference only. Risks are to be borne by yourself. Article review and release may have delays; strategies may lack timeliness. Do not operate blindly.]

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