FPG BTCUSD Market Report April 17, 2025

BTCUSD is showing signs of short-term consolidation after rebounding from a major support area. Price action is currently hovering around 84270.45, with no clear breakout above key resistance. Momentum remains neutral to mildly bullish as market participants weigh the next direction.

Price has been oscillating within a tight range between the support at 82186.01 and resistance at 88073.49. The 10-day EMA is beginning to flatten, while the 20-day EMA still slopes downward, signaling limited bullish momentum for now.

MACD showing a bullish crossover developing. However, volume has been relatively muted, suggesting the bulls are not yet fully committed. Unless a decisive daily close above 88073.49 occurs, the price may remain in range-bound behavior or revisit support zones.

Market Observation & Strategy Advice
1. Key Resistance Level: 88073.49. Needs a strong daily close above this level to confirm bullish breakout.
2. Current Position: 84270.45. Traded near equilibrium, still lacking conviction for directional bias.
3. Support Level: 82186.01. A close below this level could trigger retest of deeper support at 76907.09.
4. Momentum Indicator: MACD crossover forming, but histogram still in negative territory, reflecting fragile recovery.
5. Trading Strategy: Neutral to mildly bullish stance while above 82186.01. Conservative longs may look for confirmation above 88073.49 with targets near 88900 and stops below 83000. On failure to break resistance, short setups may emerge on rejection candles with tight stops above 86000. High volatility, use tight stops and avoid premature long positions. Next candles will be the key.

Market Performance:
Crypto Last Price % Change
ETHUSD 1,581.9 +0,32%
LTCUSD 74.52 +0.24%

Today’s Key Economic Calendar:
JP: Balance of Trade
EU: ECB Interest Rate Decision
US: Building Permits Prel