📊 Bitcoin (BTC/USD) Technical Analysis – April 3, 2025 🚀
🔹 Current Price: 83,187.60
🔹 Timeframe: 30M
📌 Key Support Levels (Demand Zones):
🟢 81,266.01 – Major Support Zone
📌 Key Resistance Levels (Fair Value Gaps - FVGs & Supply Zones):
🔴 83,929.01 – First Target
🔴 85,231.24 – Major Resistance (Potential Target)
📈 Bullish Scenario:
BTC is currently consolidating around 83,187 and forming a potential bullish structure.
A break above 83,929.01 could lead to a rally toward 85,231.24.
The 0.5 Fibonacci retracement level (85,310.24) is a key area to watch for potential resistance.
📉 Bearish Scenario:
If BTC fails to hold above 83,000, we could see a drop towards the 81,266 support zone.
A break below 81,266 may indicate further downside movement.
⚡ Trading Tip:
✅ Wait for bullish confirmation before entering long positions.
✅ Look for potential rejection at the FVG zones for reversal trades.
✅ Use risk management and set stop losses appropriately.
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #CryptoMarket
🔹 Current Price: 83,187.60
🔹 Timeframe: 30M
📌 Key Support Levels (Demand Zones):
🟢 81,266.01 – Major Support Zone
📌 Key Resistance Levels (Fair Value Gaps - FVGs & Supply Zones):
🔴 83,929.01 – First Target
🔴 85,231.24 – Major Resistance (Potential Target)
📈 Bullish Scenario:
BTC is currently consolidating around 83,187 and forming a potential bullish structure.
A break above 83,929.01 could lead to a rally toward 85,231.24.
The 0.5 Fibonacci retracement level (85,310.24) is a key area to watch for potential resistance.
📉 Bearish Scenario:
If BTC fails to hold above 83,000, we could see a drop towards the 81,266 support zone.
A break below 81,266 may indicate further downside movement.
⚡ Trading Tip:
✅ Wait for bullish confirmation before entering long positions.
✅ Look for potential rejection at the FVG zones for reversal trades.
✅ Use risk management and set stop losses appropriately.
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #CryptoMarket
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.