Bitcoin ($BTC ) Market Overview – 1-Day Timeframe (April 22, 2025)
Current Price: around $90,900
Market Trend: Testing resistance, bullish momentum building but still fragile.
Bullish Scenario (Upside Trade Plan):
Entry Price: Enter a long position if BTC closes above $91,200 with strong volume.
Breakout Level: Watch for a breakout in the $91,000 to $91,500 zone.
Hold Zone: Price should hold above $91,500 up to $94,000 to confirm strength.
Targets:
First target at 92,400-93,500- $94,500 (safe early exit)
Second target at $95,000
Final extended target at $100,000
Stop Loss: Place a stop loss at $89,800, just below the recent support level.
Strategy Tip: If BTC holds above $94,000, consider using a trailing stop to follow a run toward $100K.
Bearish Scenario (Downside Trade Plan):
Entry Price: Enter a short position if BTC closes below $89,000 on the daily chart with clear selling pressure.
Breakdown Level: Key breakdown zone is between $88,800 and $89,000.
Hold Zone: If BTC trades between $88,000 and $85,500, the bearish structure remains valid.
Targets:
First target at $85,000 (safe early take-profit)
Second target at $84,000
Final extended target at $81,500
Stop Loss: Place a stop loss at $90,500 to protect against a false breakdown.
Strategy Tip: Consider scaling out near $85K and trailing lower in case of momentum continuation.
