$BTC 4.16 midday analysis


After bottoming out and rebounding, it formed a strong V-shaped reversal. The overall bullish upward structure remains intact. Multiple attempts to break the previous high of 75425.6 failed, and the market has entered a phase of high-level range trading and consolidation for further buildup.

The Bollinger Bands keep opening upward. The current price stays firmly in the strong zone above the middle band, with 74883.7 (the middle band) serving as the short-term line that divides bullish and bearish strength. Above, 75194.1 (the upper Bollinger Band) overlaps with the previous high, forming a double-layered strong resistance threshold. Below, 74573.3 (the lower Bollinger Band) is the bulls’ core defensive “life line.”

The MACD indicator’s two lines remain stuck together at low levels, then start turning upward. Small red histogram bars continue to release, indicating that bearish momentum has been fully exhausted. Bullish strength is being gradually repaired and continuing onward; there is currently no risk of a deep pullback in the short term. The market is mainly in “millstone-style” range oscillation—grinding back and forth within the band. #BTC #ETH
BTC0,71%
ETH0,63%
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