Date: April 7, 2025
$BTC #BTC
🧠 General Summary
Bitcoin (BTC) faces a highly volatile environment, accompanied by mixed technical signals and strong movements in the derivatives markets.
The current market sentiment is characterized by "extreme fear", generating specific trading opportunities at critical support levels.
📊 Multi-timeframe Technical Analysis
Timeframe Key Observations 15m / 1h Possible technical bounce after sharp drop. Moderate bullish divergence in RSI. 2h / 4h Strong drop confirmed. Critical support level at 75,000–76,000 USDT. Daily (1D) Active bearish trend. Fear & Greed Index shows extreme fear. Weekly (1W) and Monthly (1M) Broad correction continues, but with possible long-term accumulation zones.
Indicators:
RSI: oversold in low and medium time frames.
Volume: high, confirming strength in the bearish movement.
Supports: 75,000 and 73,000 USDT.
Resistances: 79,000 and 80,000 USDT.
😨 Market Sentiment
Fear & Greed Index: 23 → Extreme Fear.
Historical conditions indicate that levels of extreme fear tend to precede bounces or capitulations.
📈 Volume Analysis
Trading volume on Binance: 24.78B USDT / 322,865 BTC.
High recent selling activity, although buying is detected at support.
📊 Order Book Data
Selling pressure higher near 77,100–77,300 USDT.
Buy orders increasing at levels of 76,000–75,000 USDT.
Balanced market: 45% buy vs 55% sell in depth.
🔥 Open Positions and Open Interest
A reduction in open positions is detected, suggesting possible liquidations or closure of futures contracts.
High probabilities of sharp movements upon breaking supports.
📉 Potential Risks
High volatility related to macroeconomic events (Federal Reserve, interest rate decisions).
Liquidations of futures contracts below 75,000 USDT.
Market news that could increase bearish pressure (GameStop, BTC miners, tech downturns).
🚀 Conclusion
Bitcoin shows signs of overselling and extreme fear in the markets, suggesting tactical short-term trading opportunities.
The key level to watch is the zone of 75,000 USDT:
A bounce could drive a rally towards 79,000–80,000 USDT.
A break could take the price to 73,000 USDT or lower levels.
Traders should remain attentive to confirmation signals in 15m, 1h, and 4h candles to validate the direction of the movement.
📢 Important Note:
This analysis is for educational purposes only and does not constitute financial advice. Always consult with a professional financial advisor before making investment decisions.