BTCUSDT.P: In-depth Trend Analysis and Strategies Today by Lina Engword⚡📉
Hello fellow traders. It's Lina Engword back again with an in-depth analysis of BTCUSDT.P. Today, we'll be updating the market overview, analyzing trends across different timeframes, and laying out trading strategies that are suitable for the current situation.
Data as of: April 4, 2025, 12:08 PM (GMT+7)
Current Price: 82,687.4
Previous Weekly High (PWH): 88,807
Previous Weekly Low (PWL): 81,553.3
Latest Market Overview:
The BTCUSDT.P market is currently still experiencing volatility and is in a phase of decision-making. After we saw continuous buying pressure in the previous period, selling pressure has now begun to intervene, causing short-term and medium-term uncertainty. Therefore, investors should closely monitor the situation and plan their trades with caution.
Technical Trend Analysis:
- Short-term Timeframe (15m, 1H): In the shorter timeframes, we observe clearer selling pressure. The price has adjusted downwards, and short-term trend reversal signals (Bearish Signals) have emerged. Short-term traders should be cautious and may consider short trades if clear confirmation signals appear.
- Medium-term Timeframe (4H): In the 4-hour timeframe, the trend is becoming more uncertain. After the price failed to hold above a significant resistance level, it has adjusted below the EMA 50, which is a sign of weakening in the previous uptrend. Currently, the price is moving between the EMA 50 and EMA 200, indicating a sideways movement or a potential downward adjustment if it cannot move back above the EMA 50.
- Long-term Timeframe (Day): In the daily timeframe, the trend still needs close attention. Although the long-term overview remains bullish, the fact that the price has not been able to create new highs consistently and has adjusted down to test the EMA 200 is a signal that requires caution. If the price can hold above the EMA 200, there is still a chance that the uptrend will continue. However, if it cannot hold, it will indicate a potential long-term trend reversal.
Comparing Trends of Each Indicator:
- Aligned Trends: In the short term, we are starting to see signals of aligned downward trends, which may lead to a short-term price adjustment.
- Divergent Trends: Short-term and medium-term trends conflict with the long-term trend, causing the market to be in a phase of decision-making. Price movements may be highly volatile.
- Thinking Process: The conflict in trends across different timeframes indicates that we should prioritize confirming signals in the timeframe we intend to trade and manage risk strictly.
- Trend Summary:
- Short-term: Down (60% probability)
- Medium-term: Sideways to Down (60% probability)
- Long-term: Sideways to Up (still a possibility, but needs confirmation above EMA 200 on the Daily TF)
- Today: Likely to fluctuate within a Sideways Down range.
Example Daily Trade Setup:
Based on the current market situation, I would like to present an example of a cautious Daily Trade Setup that waits for confirmation signals.
Example 1: Short Setup (upon confirmation of support breakout)
- Enter: Wait for the price to confirm a breakout of a significant support level on the 1H TF (e.g., Sellside Liquidity or previous Low) with increasing Volume.
- TP: Consider the next support level on the 1H or 4H TF.
- SL: Slightly above the support level that was just broken.
Explanation of Thinking: This setup is suitable for those who believe that short-term selling pressure will persist, waiting for confirmation of a support breakout to increase confidence in entering a short position.
Example 2: Long Setup (upon confirmation of reversal at a significant support level)
- Enter: Wait for the price to test a significant support level on the 1H or 4H TF (e.g., EMA 200 on the 4H TF or Bullish OB) and show clear Bullish Price Action signals (e.g., Bullish Engulfing, Hammer) with increasing Volume.
- TP: Consider the first resistance level on the 1H TF or the EMA 50 on the 4H TF.
- SL: Slightly below the Low formed before the Bullish Price Action signal.
Explanation of Thinking: This setup is suitable for those who believe that the long-term trend will remain bullish and are waiting for an opportunity to enter a long position when the price adjusts down to a significant support level and shows reversal signals.
Disclaimer: This analysis is a personal opinion only and should not be considered investment advice. Investors should study additional information and make decisions with careful consideration.
Wishing all fellow traders success in today's trading! See you again in the next analysis!
Lina Engword