4/25 Bitcoin Market Analysis

Currently, all levels of Bitcoin's moving averages are messy, and Bollinger Bands are tightening. As long as it cannot break above the midline and the 30-line on a higher timeframe, the upper band remains closed, and we cannot see much upside. Please comment below if the 6-hour chart opens up.

Key levels: 67,300 68,600 69,300 70k 71,700 72,500 73,600 74,500 75,200 76,500 77,300 78,300 79,000 80k

Bullish outlook:
a. On the 4-hour chart, must stay above the midline;
b. 2-3 hours, must start moving upward;
c. Continue opening on the 3-hour chart at 72,500;
d. On the 15-minute, 30-minute, and 1-hour charts, must form a bullish trend and break above the 30-line. If it breaks above the 30-minute chart at 256, a new bullish wave may begin.
e. To see a strong rally, must re-establish above 77,000, 80k, and 83,500.

Breakout levels:
Single breakout: 67,300 🉑 67,800 68,600
Second breakout: 69,300 70,500 71,300/71,500
Third breakout: 72,000, watch 72,500, 73,500, 74,500
Fourth breakout: 75,200 🉑 76,500, 77,000, 78,800
Fifth breakout: 80,000, watch 80,500, 81,300/81,500, 82,500
Fifth breakout (alternative): depends on situation

Key levels: 65,500 64,500 63,500 / 63,000 62,500 60k

Bearish outlook:
a. Watch the 2-hour lower band; if broken, target 67,600, which must break;
b. On smaller timeframes, must re-establish a bearish trend; break below the 15-minute 256 moving average;
c. On 3-4 hours, must break below the midline again;
d. Pay attention to the 4-6 hour lower band to prevent a second opening.

Breakdown levels:
Single breakdown: 65,500 🉑 65,000
Second breakdown: 65,000 🉑 64,500 63,500
63,000, 4-6 hour lower band
Third breakdown: 63,000 🉑 62,500 62,000 61,500
Fourth breakdown: break below 60k directly, target 55,000 54,500 53,500 52,500 51,500 50,500

Support and resistance levels can switch at any time. Use light positions for breakouts and breakdowns. If unsure, follow the daily live sessions.
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