BTC/USDT Analysis | 4 Hours | April 23, 2025

Current price: $94,238

Overall trend: Strongly bullish

Indicators:

Price above MA7, MA25, MA99 averages

MACD is positive, but momentum has started to slow down

Trading volumes are slightly declining

Outlook:

Current resistance: $94,500

Potential support: $93,200$ – $92,800

Strategy:

No entry now, the market is overbought

Watch for either:

A clear break above $94,600$ with a 4-hour candle

Or a corrective drop towards $93,000$ then a steady rebound

Smart entry = Wait for correction or breakout confirmation

#BTC #Technical_Analysis #Trading #Bitcoin

✍️ : Ghaith