🔥Bitcoin has been trading sideways for 6 days, revealing important signals, so be sure to stay alert! + Chán Lùn Chart Analysis Tutorial Lesson 15 👇

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News
1. The myth of Bitcoin as a safe haven has hit a wall in the face of reality.
JPMorgan's latest report points out that when the global market fluctuates wildly due to the trade war initiated by Trump, investors' choices are clear: they prefer to invest in gold rather than Bitcoin. This week, gold prices soared to a historical high of $3660 per ounce, while Bitcoin has fallen over 20% since reaching a record of $109,000 on January 20, and is currently hovering around $83,000-$86,000.
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The report analysis states that Bitcoin has failed to become the darling of safe-haven funds like gold. Gold ETFs and futures are attracting significant inflows of capital, while speculators are cashing out from the new cryptocurrency ETFs in the United States. Behind this is the uncertainty of geopolitics, Trump's aggressive tariff policies, and the looming clouds of economic recession, which are driving investors toward the ultimate safe-haven asset—gold.
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The safe-haven status of gold has once again been validated by the market, while the narrative of Bitcoin as "digital gold" appears pale in this turmoil. Perhaps the true value of Bitcoin still needs time to be redefined. But I remain optimistic about it; let us wait for time to prove.
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🔥Technical Analysis
1, Bitcoin:
Since the top divergence appeared on Bitcoin the day before yesterday, Bitcoin has made a pullback, finding support at 83000. This allowed Bitcoin to form a converging triangle pattern yesterday, and fortunately, it broke through 84500 last night to move along the midline of the range, enabling us to continue seeing around 86000.

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Resistance levels: Pressure near 86000, 88000 is the previous high selling point, and the remaining 91500 is the target position we are looking at for this rebound;
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Support level: 84500 short-term support, looking down at the 83000 box lower edge, this lower edge has a particularly long lower shadow in 4 hours, the buying liquidity is still very much, and the downward exploration is still 81000, 79000.
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2. Ether:
Ethereum is still moving in a sideways range, and for a strong move, we are looking at the 1615 level first; otherwise, Ethereum will remain at the lower boundary. It may take until next Monday to break out of this range, as the U.S. stock market is closed for three days. However, it's good that the support level of 1560 we provided yesterday was accurate.

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Resistance level: 1615 (midpoint of the range); 1660, looking up to 1750. How to determine if it’s a true breakout? Currently, the short-term can be based on the closing positions of two consecutive 4-hour candlesticks;
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Support level: 1560; looking down to 1480, still pay attention to the recent large liquidity of Ethereum on-chain wallets!
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🔥Let's talk about what we should do. In the short term, the market looks lifeless and it won't improve anytime soon. Trading stocks, coins, and bonds is difficult, and risky assets are all being pressured. Brothers who want to buy the dip should be patient and not invest everything at once; keep some cash to safeguard against risks, so you can withstand extreme situations. If you have a little money on hand, you can try making small trades in the primary market.
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Looking ahead, the regulation of cryptocurrencies is slowly taking shape, which may bring a wave of new opportunities to the coin circle. Right now, Powell is like playing cards, holding the cards in his hand, but it still depends on how Trump plays his hand. We need to keep a close eye on the tariff policy in April and the GDP data to be released at the end of the month, paying more attention to inflation and economic conditions. The market is like a roller coaster, and if you're not careful, you can get thrown off. Remember, in this market, the key is to survive first; making money can come later!
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🔥Finally, let's talk about the core logic chain behind: Expectations of a shift in Federal Reserve policy → Institutions accelerate cryptocurrency asset allocation → BTC solidifies its foundation → ETH completes chip turnover → The altcoin season officially begins.
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We are currently in a critical phase of "bear-bull transition"; panic selling often corresponds to buying opportunities for gold. Maintaining strategic composure is essential to capture the full benefits of a bull market.

#xrp #sol #pi #eth #btc