๐ Bitcoin (BTC/USD) Intraday Outlook โ April 23, 2025
Current Price: ~$93,868
Intraday Range: $91,153 โ $94,336
Trend: Bullish momentum continues this week after bouncing from ~$87,500 yesterday.
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Key Technical Levels
Major Resistance: $94,500 โ $95,000
Psychological Target: $100,000
Primary Support: $91,000 โ $91,500
Secondary Support: $89,000
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๐ Scenario 1: Long Setup (Buy)
Conditions:
BTC breaks above $94,500 with strong volume
15min or 1h candle closes above resistance zone
Entry: $94,600
TP1: $96,000
TP2: $98,500
Stop Loss: $93,800
Risk:Reward: ~2:1
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๐ Scenario 2: Short Setup (Sell)
Conditions:
BTC fails to break $94,500 and shows weakness (wick rejections, bearish engulfing, etc.)
Entry: $93,500
TP1: $92,000
TP2: $91,000
Stop Loss: $94,200
Risk:Reward: ~2:1
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Technical Indicators
RSI (1h): Between 65-70 โ approaching overbought
MACD: Still bullish, but momentum slowing
Volume: Increasing during breakouts โ confirming strong moves
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Trading Tips for Today
Avoid trades in the middle of the range โ wait for price to test support or resistance.
Watch volume โ fakeouts are common without confirmation.
Check for macroeconomic news before trading (FOMC, CPI, Fed speakers, etc.)
