[BTC/USDT – Technical analysis on April 10, 2025]

BTC just had a strong bounce from the bottom of 74,500 to the area of 82,200 USDT, increasing nearly +8.7% in 24 hours!

• 1H timeframe: After the breakout at 79,700, the price reached a peak of 83,588 before slightly correcting to the EMA7 support area.

• 4H timeframe: The price clearly surpassed EMA99, confirming a short-term uptrend. RSI touched the threshold of 68 – a technical correction may occur before continuing.

• 1D timeframe: A strong bullish engulfing candle, with good volume. However, the EMA has not crossed up yet, requiring further confirmation to strengthen the medium-term trend.

Nearest support: 80,700 – 79,700

Next resistance: 84,000 – 84,700

Strategy: Look to buy when the price retests the support area with confirming volume. Prioritize short-term scalping.

Fun question at the end of the day:

Today are you a long trader riding the tsunami, or a short trader holding a liquidation?

Just comment your mood so we can know how to comfort or congratulate each other 😂

I bought at an average price of 76 but ended up selling everything at 82k, now if it continues to soar to 85 or 88, should I cry or laugh? 🤣