Here’s a detailed study and breakdown of the current BTC/USD chart analysis dated 21st April 2025:
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1. Trend Analysis (Multi-Timeframe)
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Daily Time Frame:
- Trend: Strong uptrend visible.
- Price Action: Price has broken above previous range highs.
- Zone Tested: A well-marked supply zone (Daily SZ) around 87,500–88,812 is being tested again.
- Key Note: Even though the supply zone has been tested multiple times, sellers’ pressure still exists. However, the current candle has broken above with strength, hinting at bullish dominance.
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4-Hour Time Frame:
- Trend: Clean upward trend.
- Zones in Play:
- 1-HR DZ & 4-HR DZ (Demand Zones) around 84,514 – 83,964 are significant for pullback entries.
- Price bounced hard from the demand zone, confirming strong buying interest.
- Next Resistance: 88,812 level is highlighted as a key resistance, capable of price rejection.
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1-Hour Time Frame:
- Trend: Bullish with a strong breakout from consolidation.
- Entry Confirmation: Chart highlights “**Our Entry @ Bottom of Price**” — a precise demand zone entry before a sharp move up.
- Momentum: Buyers dominated with high-volume breakout, indicating institutional activity.
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Key Price Levels to Watch
| Type | Price Zone | Action |
|--------------|--------------------|------------------------------------------|
| Daily Supply | 87,500 – 88,812 | Resistance (watch for rejection) |
| Demand Zone | 84,514.47 | First buy zone |
| Demand Zone | 84,044.05 – 83,964 | Strong demand zone (tested) |
| Demand Zone | 82,800 – 83,200 | Final support zone before trend breaks |
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Trade Plan Based on the Chart
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Current Price: $87,500
- If Price Retraces: Look to buy at Demand Zones:
- 84,514
- 84,044
- 83,964
- Target Zones:
- First: 88,812 (if breaks, next psychological level is 89,900+)
- Instructions for Trade (as per chart notes):
1. Strictly follow the Stop Loss (SL)
2. Risk management with good Reward:Risk (minimum 1:2)
3. Enter only after confirmation (price action, candle pattern)
4. Do not chase price — wait for pullback to demand zones
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Caution
- The Daily Supply Zone has been tested multiple times, meaning the sellers' strength could soon diminish. But there is still potential for rejection.
- Monitor price behavior closely at 88,812 — a clean break with volume can lead to 89,900–90,000 zone.
- Until then, avoid buying at highs. Focus on buying dips.
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Final Thoughts
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Trend: Strongly Bullish (All Timeframes)
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Avoid buying near supply zone; instead, wait for a retracement to demand
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Play the levels — don’t trade emotions, trade the zone
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Chart by: @tradingalgo2025
#Bitcoin #BTCUSD #TechnicalAnalysis #PriceAction #CryptoSignals #TradingStrategy #SupportAndResistance #SupplyDemand #CryptoIndia
