Here’s a detailed multi-timeframe study of the BTC/USD chart as of April 23, 2025,
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BTC/USD Chart Analysis – 23/04/2025
- Daily
- 4-Hour
- 1-Hour
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Current Market Behavior
1. Strong Breakout observed above previously tested Daily Supply Zone (SZ).
2. Current Price: ~$93,680
3. Price Action shows strength with a vertical move upward from the 4-Hour Demand Zone.
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Key Observations
- BTC has moved above Daily-SZ, which was tested multiple times earlier.
- The move suggests bullish momentum.
- Price is approaching a low-probability supply zone, marked between 94,200 – 96,157.
- A Smaller Demand Zone has been formed on the 4HR TF, indicating short-term bullish interest.
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Potential Targets / Resistance Zones
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Target Zone 1: 94,200
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Target Zone 2: 95,150
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Target Zone 3: 96,157 (major resistance)
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Possible Retracement Zones
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Price may retrace to:
- 91,500 or
- 88,700 (4HR Demand Zone)
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Trade Probability
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High Probability: Upside continuation to the 96,157 target.
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Low Probability: Pullback towards 91,500 or 88,700 if buyers lose strength.
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Strategy & Trade Instructions
- Buy Only on Demand Zones
- Sell Only on Supply Zones
- Wait for confirmation candles before entering trades.
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Trading Rules
1. Strictly follow Stop Loss
2. Manage risk with proper Risk:Reward (minimum R:R = 1:2)
3. Wait for clear entry signals
4. Avoid trading in low probability supply zones without confirmation
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Next Key Levels to Watch:
- Resistance near 96,157
- Support near 91,500 & 88,700
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@tradingalgo2025