In April, BTC strongly rebounded from $75,000 to $95,700, with a monthly increase of nearly 28%! After a deep V-shaped reversal, it entered a high-level consolidation phase, with the candlestick chart showing a "flag" pattern indicating accumulation. The main cost zone of $84,500-$86,000 has become strong support, OBV momentum is flattening, MACD is converging, RSI is neutral, and the short-term direction remains undecided. ETF funds are accelerating inflows, option IV is declining, and market sentiment is cautious.
If BTC breaks through $96,000 with volume, the target will be $102,000-$105,000, with ETF inflows and institutional participation potentially acting as catalysts. If it falls below $90,000, support can be found at $88,000 and the $84,500-$86,000 range, but beware of macroeconomic risks.
The battle between bulls and bears is intensifying, and May may see a directional breakout! Which path do you favor?
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