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: 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).
1. Chart Analysis (15-minute time frame) Price and Trend Current price: 81,732.89 USDT 24-hour increase: +7.84% (indicating a strong uptrend) Recent highs and lows: High: 82,565.22 Low: 81,019.22
The chart shows that the price has recently risen sharply and is in a strong uptrend between 81,000 and 82,000. However, it is slightly below its recent high (82,565), which could indicate a minor correction (pullback).
EMA and MACD are bearish, indicating that the trend is currently downward. The price must break above EMA25 (78,514) for a reversal and MACD needs to be positive. The chart shows a 1D timeframe, and in the long term, Bitcoin is up 77.18% in 90 days, indicating that this decline is a correction.