$BTC

Market Analysis on April 30, 2025 (Not Investment Advice)

BTC/U (1-Hour Chart) once again plays out the 'Bear Trap' scenario. The tug of war between bulls and bears is intense, and the price has fallen below the short-term uptrend line, with short-term bears slightly gaining the upper hand.

【Trend Structure】

• The bullish rhythm that was originally following the uptrend line has been broken;

• The current price is at 94,670 U, and the logic for going short is to short as the trend line breaks;

• Stop loss is set above 95,051 U, with the target looking towards around 94,183 U, with a risk-reward ratio of about 1.75;

• EMA20 provides no clear guidance, and the market has entered a phase of short-term direction selection.

【Support and Resistance】

• Upper resistance: 94,900 U ～ 95,000 U, which belongs to the area of multiple failed attempts to break higher;

• Lower support: 94,200 U～94,000 U, if broken, will open up downward space to 93,600 U;

• Further lower support remains at the lower edge of the channel, expected around 93,000 U.

【Operational Thoughts】

• Currently is a window for a bearish counterattack, with short strategies being dominant;

• If the price rises above the trend line again, the short position will be invalidated, and there will be a chance for the market to return to an upward trend;

• In a volatile pattern, it is not suitable to heavily chase positions; light short trades are more prudent.

—— Don't ask where the market is going, first see how the structure is moving. The chart has broken, and the direction has emerged.