$BTC - Technical Analysis - 03, April 2025
Let's Start at 4 hours TF and then Break it down to 1 hour and 15 minutes TF to see what's happening with BTC right now and what possible moves to expect from it in the short term.
4hr TF: Created a New Lower High
Right after the Trump tariffs were out, BTC tested the 4hr TF resistance TL touching the lower Highs connecting from the ATH 109.5k to 88k and got a huge rejection and fell making another lower High in 4hr TF. The nearest support in 4hr TF is at 78800- 76000. If it rebounds at that level we can see a possible up move from that point to 90k Resistance. This is the higher-level scenario.
Let's check the 1hr and 15m TF together to see where to take an entry for a short-term trade and make some quick bucks.
1hr and 15m TF: Sell-Off - Look for a Short setup
The structure has been broken in 1hr TF and it formed a fresh lower Low after breaking the previous Higher low at 84000( acting as current resistance)
In 15m TF, there's a Bear flag forming below 84000. if the flag breaks on the downside, we can take an entry with the target of 78k