BTC/USD Detailed Technical Analysis – 24 May 2025
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Time Frames Used:
* Analysis: Daily, 4H, 1H
* Execution: 5 Min, 1 Min
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Trend Overview:
* Daily Trend: Bullish (Uptrend continues after ATH breakout)
* 4H Trend: Bullish (Still forming higher highs & lows)
* 1H Trend: Slightly Bearish (Minor pullback from the top)
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Current Price:
107,900 USDT (as of the chart time)
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What Price is Doing Now:
1. ATH formed recently – market reached new all-time highs.
2. Pullback underway – price retraced after ATH and is currently testing a Daily Demand Zone.
3. Previous analysis target of 106,900 was hit successfully.
4. After touching 106,800, price gave a strong bounce (\~1000+ points).
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Key Zones:
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Supply Zone (Resistance):
* Around 109,000 – 110,000
* Use for selling opportunities only after confirmation.
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Demand Zones (Support):
* Current: 106,900 – 107,900 → Price is reacting from here.
* Lower: 104,000 & 102,400 → Marked for deeper retracement buys.
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Possible Scenarios Ahead:
1. Bullish Case:
* Price holds 107K–106.9K zone
* Fresh rally to new ATHs can start
2. Bearish Case:
* If 106,900 breaks decisively
* Price may test 104,000 and 102,400
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Trading Plan:
* Buy Only at Demand Zones
* Sell Only at Supply Zones
* Avoid emotional trades; stick to levels and signals
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Rules to Follow:
1. SL must be respected strictly
2. Maintain Risk\:Reward ≥ 1:2
3. Wait for price action confirmation
4. Use proper setup before entry (engulfing, pin bar, BOS, etc.)
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Summary:
BTC has completed a clean retracement post ATH and is now reacting from a strong demand zone. This is a key decision point. Traders should observe price behavior around 107K–106.9K for potential long entries, while keeping an eye on lower zones if breakdown occurs.
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Technical Levels to Watch:
* Resistance: 109,700–110,000
* Support 1: 106,900 (tested)
* Support 2: 104,000
* Support 3: 102,400
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Analysis by: @tradingalgo2025
#BTC #PriceAction #SupplyDemandImbalance #BTCUSD
#MarketPullback