Technical analysis by learningedge about Symbol BTC: Buy recommendation (4/23/2025)

Trade Bias Verification: Long (with caution for short-term bearish momentum) Confidence Score: 6.5 out of 10 (slightly reduced due to bearish MACD crossover and RSI divergence) Hypothesis Refinement: The bullish continuation hypothesis still holds, but the MACD bearish crossover and RSI divergence on the 1-hour chart signal a stronger short-term pullback or consolidation phase. The price is likely to test the demand zone near 92,000 - 92,934 before resuming the uptrend. Traders should wait for signs of momentum recovery (MACD crossover back up, RSI turning up from support) before entering. Key Levels: Entry: Near demand zone 92,000 - 92,934, ideally after MACD bullish crossover and RSI support confirmation. Stop-Loss: Below demand zone and Ichimoku cloud, around 91,000. Take-Profit: Near recent highs (94,000) and daily resistance (95,000 to 100,000). Actionable Insight: Avoid chasing the current pullback; wait for momentum indicators to confirm a reversal near the demand zone. Use a momentum-based entry strategy on the 1-hour timeframe, entering once MACD crosses back above the signal line and RSI shows upward momentum. Set alerts for price approaching the demand zone and for MACD/RSI bullish signals. Maintain stop-loss discipline below the demand zone to protect against deeper corrections. Monitor volume for increasing buying interest on the bounce to confirm strength.