🌹Bitcoin has been sideways for 6 days, revealing important signals. Stay vigilant! + Chart Analysis Lecture Lesson 16 👇

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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 is experiencing severe fluctuations due to the trade war initiated by Trump, investors' choice is clear: they prefer to invest their money in gold rather than Bitcoin. This week, gold prices surged to a historical high of $3,660 per ounce, while Bitcoin has dropped more than 20% since hitting 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 a large influx of funds, while speculators are cashing out from the new cryptocurrency ETFs in the U.S. Behind this is geopolitical uncertainty, Trump's aggressive tariff policies, and the looming clouds of economic recession, all of which are driving investors towards the ultimate safe-haven asset—gold.
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The safe-haven status of gold has been reaffirmed 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 in 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, moving out of the mid-range of the box, which allows us to continue to see around 86000.

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Resistance level: pressure near 86000, high selling point at 88000, 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 lower edge of the 83000 range, this lower edge has a particularly long lower shadow in 4 hours, there is still a lot of buying liquidity, and the downward exploration is still 81000, 79000.
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2. Ether:
Ethereum is still undergoing a sideways range consolidation, and we should first look at the level of 1615 for strength; otherwise, Ethereum will remain at the lower bound of the range. It might take until next Monday to break out of this range, as the US stock market is closed for three days. However, the support at 1560 that we provided yesterday was accurate.

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Resistance Level: 1615 (mid-point of the range); 1660, looking up to 1750. How to determine if it's a true breakout? Currently, we can rely on the closing prices of two consecutive 4-hour candlesticks.
Support level: 1560; looking down at 1480, still pay attention to the large liquidity on Ethereum's recent on-chain wallets!
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🌹Let's talk about how we should operate. In the short term, the market looks lifeless and it won't get better anytime soon. Trading stocks, coins, and bonds are all difficult, and risky assets are being suppressed. Brothers who want to buy the dip should remain calm and not invest everything at once; keep some cash for safety so you can withstand extreme situations. If you have a little spare cash, you can play around in the primary market to test the waters.
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Looking at the long term, the regulation of cryptocurrencies is slowly becoming clearer, which may bring a wave of new opportunities to the coin circle. Right now, Powell is like playing cards, holding the cards in hand, but we still have to see how Trump plays his cards. We should 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 are not careful, you could be thrown off. Remember, in this market, surviving is the key; making money can be put on the back burner!
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🌹Finally, let me mention a key logical chain that follows: Expectations of a shift in Federal Reserve policy → Institutions accelerate allocation of crypto assets → BTC solidifies its foundation → ETH completes chip turnover → Altcoin season officially starts.
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We are currently in a critical stage of "bear-to-bull transition"; panic selling often corresponds to buying opportunities in gold. Maintaining strategic composure is essential to capture the full benefits of a bull market.

#sol #voxel #pi #eth #btc