Bitcoin (BTC/USDT) Daily Chart Analysis and Trading Strategy – April 3, 2025

1. Market Overview

As of April 3, 2025, Bitcoin (BTC/USDT) is trading at 83,451.1 USDT, showing a +1.17% increase from the previous day. After a recent downtrend, the price is attempting a short-term rebound. In this post, we analyze Bitcoin's daily chart using key technical indicators including moving averages, Bollinger Bands, RSI, MACD, and Stochastic. Based on the analysis, we also propose both long and short trading strategies.

2. Technical Analysis (Daily Timeframe)

2.1. Moving Averages

The 5-day MA is attempting an upward turn.
20-day, 60-day, and 120-day MAs are still trending downward.

Interpretation: While the medium- to long-term trend remains bearish, a short-term rebound is in progress. Upper MAs may act as resistance.

2.2. Bollinger Bands

The current candle is testing the middle band (basis).
The bands are narrowing, indicating potential for breakout volatility.

Interpretation: Price is consolidating. A breakout could lead to a strong directional move.

2.3. RSI (Relative Strength Index)

RSI stands at 45.87, in the neutral zone.

Interpretation: Momentum is recovering from oversold levels, but a clear bullish signal is not yet confirmed.

2.4. MACD

MACD line: -1,038.6 / Signal line: -1,088.8

Interpretation: Bearish momentum is weakening. A potential bullish crossover is forming.

2.5. Stochastic Oscillator

%K: 29.60 / %D: 32.72

Interpretation: A bullish crossover is forming in the oversold region, suggesting possible upward movement.

3. Key Support and Resistance Levels

Level	Price (USDT)
1st Support	80,941
2nd Support	79,300
1st Resistance	84,508
2nd Resistance	88,075

4. Suggested Trading Strategies

Type	Condition	Strategy Summary
Long	Stochastic golden cross & support at 83,000 holds	Entry: 83,000–83,500 / Target: 84,500 / Stop-loss: 82,000
Short	Rejection at 84,500 & RSI declines	Entry: 84,000–84,500 / Target: 82,000 / Stop-loss: 85,500
Swing (Mid-term)	Bollinger band breakout & MACD crossover	Entry above 85,500 after confirmation / Monitor trend shift

5. Summary of Technical Indicators

Indicator	Current Value	Interpretation
RSI	45.87	Neutral (awaiting momentum)
MACD	-1,038.6 / -1,088.8	Potential bullish crossover
Stochastic	29.60 / 32.72	Turning from oversold
Support	80,941	Short-term floor
Resistance	84,508	Immediate ceiling

6. Conclusion & Risk Disclaimer

Bitcoin is currently in a consolidation phase with a minor bullish attempt. Traders should monitor short-term opportunities while remaining cautious of the mid-term bearish trend. Both long and short strategies are viable depending on price action around support and resistance levels.

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk, and all investment decisions are the sole responsibility of the investor.

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