April 18th Thought Analysis

Bitcoin (BTC)

Since the price increase last Sunday evening, Bitcoin has been consolidating for several days. From a daily perspective, the top and bottom of the consolidation range have become clear. Today is Friday, and investors should pay special attention to the fluctuations in the evening market.

In terms of the current trend, for Bitcoin to have a significant movement, it must either break out strongly with a large bullish candle above the critical resistance level near 861 or drop significantly with a large bearish candle below the important support level near 83. If it cannot effectively break above the top or below the bottom, it is likely to maintain a volatile trend of high shorts and low longs during the day.

Today's specific analysis is as follows: Bitcoin needs to focus on the critical position of 84500. From a 4-hour perspective, if it can stabilize above this position, the subsequent upward momentum will be stronger. The resistance levels above are 86100, 87250, and around 88500. Conversely, if the 4-hour close today falls below 84500, it indicates insufficient strength for an upward breakout, and the market may continue to consolidate or show a pullback trend. In this case, the support levels below can be observed at 83000, 81500, and around 80200.

**Ethereum (ETH)**

Ethereum needs to closely monitor the critical position of 1590 today. Only if the 4-hour level can stabilize above this position will its upward rebound trend potentially unfold. The resistance levels above are 1616, 1656, and around 1690. If the 4-hour close today fails to stay above 1590, it means the small-level rebound lacks sufficient momentum, and the market may pull back downward. In this case, the support levels below can be observed at 1562, 1538, and around 1505.

**SOL**

SOL also experienced a small-level pullback after reaching the first resistance level during the night. Today, attention should be paid to the critical position of 132.5. As long as the 4-hour level does not drop below this position, the market remains in a bullish stance from a 4-hour perspective, and prices are expected to continue rising. The resistance levels above are 136, 140, and around 144.5. If the 4-hour close today falls below 132.5, it indicates the market has begun to pull back, and the support levels below can be observed at 129.5, 126, and around 123.4. $BTC $ETH