2025-04-16 04:58:34

33?ref=VlMRXV4NUw

You can join with me. 🥰🥰🥰
BTC/USDT Market Analysis & Outlook

Bitcoin faced a steady decline from its recent high of 86,430 down to 83,469, marking a 2.31% drop within the last few sessions. As seen in the chart below, the price formed a sharp peak before pulling back due to increased short-selling pressure and market cooling.

Key Observations:

Short-Term Trend: Bearish pressure is dominant in the 1H and 4H charts. The price fell below major moving averages, with bearish EMA crossovers confirming the downward trend.

Support Zone: Around 83,050, already tested and showing signs of temporary stability.

Resistance Zone: Immediate resistance lies near 84,500–85,000.

Indicators:

RSI (6): Near 35, suggesting oversold conditions—potential for a short-term bounce.

MACD: Strongly negative with wide divergence—momentum favors bears for now.

KDJ: Slightly rebounding from lower levels, but no strong reversal yet.

Multi-Timeframe Outlook:

Short-Term (1H/4H): Cautious approach—possible bounce to 84K before further decisions.

Daily Chart: If 83K holds, a recovery to retest 85K is on the table.

Long-Term (1W+): Structure remains bullish unless we break below 82K significantly.

Refined Prediction: If BTC stabilizes above 83K with increasing volume, we may see a short-term recovery to 84.8K–85.2K before another directional decision. However, losing 83K could accelerate drops toward 81.5K.

Stay alert, and always manage risk smartly in volatile conditions.

Market Sentiment: 96% Short | 3.5% Long — Heavy short bias could fuel a squeeze if bulls step in.

ME-1,77%

BTC-1,12%

MAJOR-2,62%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes