BTCUSD CHART ANALYSIS ā 28/04/2025
šµ Analysis Time Frames:
- Daily (D1): UP trend
- 4HR (H4): UP trend
- 1HR (H1): UP trend
šµ Current Price:
- Around $94,240
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### What Price is Doing Currently?
1. Holding below the Weekly Supply Zone (SZ) ā showing some resistance at higher levels.
2. Testing the strength of the Weekly SZ (between 95,200 ā 96,200).
3. Forming indecision candles (spinning tops/doji patterns) on Daily and 4HR ā indicating buyer-seller struggle.
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### Possible Scenarios:
ā Upside Potential:
- If price holds above $94,000 and breaks $95,200 resistance, we may see next targets:
ā $96,200, $98,371, $99,500
ā Downside Risk:
- If rejection happens at the Weekly SZ, price may pull back towards:
ā $93,995, $93,500, $92,940, $91,500
(Demand Zones visible on the 4HR and 1HR)
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### Probability View:
- Higher Probability: Price may attempt an upside breakout after retesting demand zones.
- Low Probability: If heavy selling appears, price might retrace deeper into lower demand zones (mentioned above).
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### Trading Plan:
š Play only clean setups:
- Buy only on demand zones (support zones).
- Sell only on supply zones (resistance zones).
š Instructions for Trade Execution:
- STRICTLY follow Stop Loss (SL).
- Manage Risk-to-Reward Ratio (minimum 1:2).
- Wait for proper confirmation (price action like bullish engulfing, breakout candles, etc.).
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### Zones to Watch:
| Zone Type | Price Range | Observation |
|------------------|--------------------|---------------------------------------|
| Weekly Supply SZ | $95,200 ā $96,200 | Major resistance, indecision candles |
| 4HR Demand Zone | $91,000 ā $91,800 | Key support area |
| Daily Demand Zone| $88,000 ā $86,900 | Strong base if bigger retracement |
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ā Summary:
- Price is at a critical zone.
- Watch for breakout above $95,200 or rejection near $94,500ā$95,200.
- Play level-to-level with discipline.
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> š *Analysis by @tradingalgo2025*
> š *Stay disciplined, stay profitable!*
