#MarketRebound
Below is an overview of the trends and price forecast for Bitcoin (BTC) for today (April 24, 2025) and the upcoming week, based on the latest market data and technical analysis:
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📊 Current Situation of Bitcoin
• Current Price: ~$93,175
• Important Resistance: $100,000
• Strong Support: $85,000 and $76,000
• Technical Trend: BTC has broken the 4-month-long descending wedge pattern and closed above the 200-day moving average, with an RSI above 50, indicating strong bullish momentum.  
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🔮 Short-term Forecast (Today and Next Week)
• Forecast for the next 24 hours: BTC may rise to $98,907.97, with a trading range of around $93,997.60 over the next 4 weeks.
• Forecast by the end of April: Some analyses predict BTC could reach $116,112 by April 28, although this is quite an optimistic forecast.  
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📈 Suggested Trading Strategy
✅ Priority: Long (Buy)
• Scenario 1 – Buy on Dips:
• Entry: When the price corrects to the $85,000 – $87,000 range and shows signs of a bounce.
• Take Profit: $98,000 – $100,000
• Stop Loss: Below $84,000
• Scenario 2 – Buy on Breakout:
• Entry: When the price exceeds $95,000 with strong trading volume.
• Take Profit: $103,000 – $107,000
• Stop Loss: Below $93,000
⚠️ Do not Short (Sell Short) at the moment
• The bullish trend remains strong, with no clear reversal signals.
• Only consider Shorting if the price drops below $85,000 along with negative technical signals.
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🧠 Summary
Bitcoin is in a strong upward trend, with the potential to reach $100,000 in the short term
