📊 BTC/USD Detailed Technical Analysis
Date: 23/05/2025
Analyst: @tradingalgo2025
✅ Multi-Timeframe Trend Analysis:
Daily Trend: Bullish 🔼
BTC recently made a new all-time high, confirming strong bullish momentum.
A small retracement is visible, indicating healthy consolidation before a potential next leg up.
4-Hour Trend: Bullish 🔼
Price broke out from a previous range and formed higher highs and higher lows.
Currently pulling back toward a demand zone (approx. $108,500–$109,000).
1-Hour Trend: Bullish to Neutral 🔄
Price is forming short-term lower highs, showing temporary weakness.
Demand zone at $108,200–$109,000 likely to act as strong support if tested.
🔍 Key Price Levels:
Current Price: ~$110,800
Immediate Support (Demand Zones):
$108,200 – $109,000 (Short-term 1H/4H zone)
$101,500 – $102,500 (Strong 4H/1D demand zone)
Resistance / ATH Region:
$111,800 – $112,500
Break above this could trigger a move towards $115,000+
💡 Scenarios to Watch:
Bullish Scenario:
If BTC respects the $108,200–$109,000 demand zone, a bounce could take price to a new ATH.
Breakout above $112K confirms continued uptrend.
Bearish Scenario:
If BTC breaks below $108K, next major support lies around $101,500–$102,500.
Break of this zone could shift momentum to bearish in the short term.
📌 Trading Plan & Strategy:
Buy only on confirmed bounce from demand zones.
Avoid FOMO entries near ATH.
Stick to these rules:
✅ Strict SL at zone low.
🎯 Risk-to-Reward ≥ 1:2
⏳ Wait for proper setup (confirmation candle or reversal pattern).
📸 Conclusion (from the Chart Notes):
Price has broken up from range and made ATH. Retracement is healthy. Eyes on $109K–$104K zone for long opportunities. Maintain discipline, trade only on zones.
#BTC #Bitcoin #CryptoAnalysis #PriceAction #SmartTrading
Charts by: @tradingalgo2025