General Chart Analysis & BTCUSDT Trading Plan (April 5, 2025)Overall Market Trend:
The chart shows a long-term bullish trend from 2023 up to early 2025.
However, since the high at 110,994 USDT, we can observe a local downtrend, confirmed by multiple market structure breaks (CHoCH and BOS).
Market Structure:
Several Breaks of Structure (BOS) to the downside indicate the start of a mid-term bearish correction.
The yellow ascending trendline is still intact, serving as a dynamic support level.
The price is currently consolidating near the Equilibrium zone (~80,000 USDT).
🔍 Support and Resistance Levels:
Support:
80,000 USDT – Equilibrium zone and trendline.
72,773 USDT – Fibonacci 61.8% level.
64,000–66,000 USDT – Strong demand/order block zones.
49,140 USDT – Full 100% Fibonacci retracement, key long-term support.
Resistance:
86,800 USDT – Previous Day’s High (PDH).
90,709 USDT – Fibonacci 32.8% retracement.
96,398 USDT – Fibonacci 23.6% retracement.
110,994 USDT – Local all-time high.
🎯 Short-Term Price Prediction (Next 1–2 Days):
The price is currently around 83,600 USDT, consolidating sideways.
Near-term target range:
Upside: Around 86,800 USDT (PDH).
Downside: If broken – heading toward 80,000 USDT.
📉 Short Entry (Sell Setup):
Entry zone: Between 86,500 – 87,000 USDT (PDH/PWH).
Take profit: Around 80,000 USDT.
Stop loss: Above 87,200 USDT.
📈 Long Entry (Buy Setup):
Entry zone: Between 79,800 – 80,200 USDT (PDAL + trendline support).
Take profit: Between 86,000 – 87,000 USDT.
Stop loss: Below 78,500 USDT.
🔻 Lowest Expected Price:
If 80K is broken, next strong support is at 72,773 USDT.
Further drop may reach 64,000 – 66,000 USDT demand zones.
In a worst-case macro scenario: 49,140 USDT.
🔁 Expected Reversal Zone:
A potential bullish reversal could happen around 72,773–73,000 USDT if a bullish candlestick pattern (e.g., hammer with confirmation) appears.
Alternatively, an earlier reversal is possible around 80,000 USDT, if supported and followed by a BOS to the upside.
🧠 Additional Notes:
The chart uses:
Smart Money Concepts (SMC) – BOS, CHoCH, FVG.
Premium & Discount zones – price is near equilibrium (EQ).
Clear demand/supply blocks.
Volume has been relatively low recently – watch for volume spikes to signal potential strong moves.
