$BTC - [Technical Analysis of BTC/USDT – April 14, 2025]

After a sharp decline of nearly 10% from the peak of 73.7k, BTC is showing signs of forming a short-term bottom around the 83,200 – 83,500 range and is starting to recover slightly. Below are some notable points:

1. 1H Frame:

• BTC has just broken above the EMA7 and EMA25, creating a large green candle, indicating that short-term buying pressure has returned.

• RSI(6) has risen to the 61.9 area, not yet in the overbought zone but showing good upward momentum.

2. 4H Frame:

• The price has successfully retested the EMA7 and bounced back, signaling a clearer reversal.

• RSI(6) remains above 60, with no bearish divergence appearing yet.

3. Daily Frame:

• Yesterday's candle was a bullish engulfing, closing near the peak - indicating strong buying pressure at the bottom.

• EMA7 is starting to cross above EMA25, suggesting that a short-term upward trend may form.

4. Weekly Frame:

• BTC is oscillating between EMA7 and EMA25. If it holds the support zone of 83,000 – 83,200, there is a high chance it will rebound to the 87,000 – 88,000 area this week.

Price Scenario for Today:

• If BTC maintains above the 84,600 – 84,800 range, it is likely to continue recovering to the 86,000 – 87,500 area.

• Conversely, if it breaks below 83,200, the short-term downtrend will resume, targeting 81,000 – 80,000.

Conclusion:

BTC is showing signs of recovery after a deep correction. You can consider lightly longing at the current level and monitor the reaction around 86k. Manage your capital carefully as the market is still highly volatile.