Bitcoin (BTC) Trading Strategy – April 24, 2025
Current Price: $92,859 (Binance)
Bitcoin is consolidating below key resistance at $94,000 after a recent breakout from a multi-month falling wedge. RSI is above 50, MACD just crossed bullish, and BTC is trading above its 200-day moving average—a strong technical sign of trend reversal. Bollinger Bands suggest another big move soon.
Chart Patterns & Key Levels:
Falling wedge breakout confirmed on daily timeframe
Ascending triangle forming (support: $91K, resistance: $94K)
Intraday support: $91,000 | Resistance: $94,000 | Target: $97,000–$100,000
On-chain & News Signals:
Whale activity: 800 BTC sent to Binance (possible sell pressure)
BlackRock ETF saw $643M inflows—institutions still buying
Over $350M liquidated in 24h: volatility is high
Trading Plan:
Scalping (1H–4H):
Long on breakout above $93,700
TP: $94,200 / $94,800
SL: $92,800
Swing Trading (Daily):
Buy dips at $91–91.5K or breakout above $94K
TP: $97K / $100K
SL: $90.5K
Position Trading (Weekly):
Accumulate if BTC retests 200D MA near $90–91K
SL: $85K
TP: $100K / $107K
Tips:
Use alerts at $92.8K, $93.7K, $94K
Limit risk to 1–2% per trade
Monitor ETF flows and macro news (tariffs, liquidity)
