I will analyze the 1-hour BTC/USD chart provided here and suggest potential entry and exit points. The chart is from April 21, 2025, and the current price is 87,294.48 USD.

Chart Analysis:

  1. Price Trend:

    • The chart shows recent bullishness (upward movement) as the price has risen from 86,855.35 (recent low) to 87,795.26 (recent high).

    • Currently, the price is 87,294.48, which is slightly below the recent high, but still showing an uptrend.

  2. EMA (Exponential Moving Average):

    • 200 EMA (green) is at 86,855.60, which is below the current price. This indicates a strong support level and confirms the uptrend.

    • The price is trading above the 200 EMA, indicating bullish sentiment.

  3. MACD (Moving Average Convergence Divergence):

    • The MACD line (blue) is above the signal line (red), and the histogram is positive. This indicates bullish momentum.

    • However, the difference between the MACD line and the signal line is decreasing, which could indicate potential bearish divergence or consolidation.

  4. RSI (Relative Strength Index):

    • RSI is at 65.90, which is neither overbought (above 70) nor oversold (below 30). It is in the neutral zone, but caution is advised as it is close to 70, which could lead to overbought conditions.

  5. ADX (Average Directional Index):

ADX is at 40.83, confirming a strong trend. An ADX above 25 is considered a strong trend.