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24.04.2025 10:15 AM
BTC/USD Analysis – April 24th: Bitcoin Shows Signs of Revival

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The wave pattern on the 4-hour chart for BTC/USD has become somewhat more complex. We observed a corrective downward structure that completed its formation around the $75,000 mark. Following this, a rather strong upward movement began, which could be the start of a new impulsive trend. Currently, the first wave appears to be complete, so a corrective wave 2 or b should be expected next. After that, Bitcoin's upward movement will likely resume, at least within the framework of wave c.

Bitcoin has long been supported by a steady flow of news about institutional investment, government involvement, and even pension funds. However, Trump's policies have recently driven some investors out of the market. Nonetheless, with the U.S. stock market and bond market in decline, investors may turn to Bitcoin as a hedge, as it is less influenced by Trump's decisions. Once again, Bitcoin is being viewed as a "crisis hedge," increasing the probability of renewed growth for the digital asset.

BTC/USD has surged by $19,000 in a short period, which is substantial considering the current global economic instability. The reasons for this rally are varied, but each of them can be reasonably questioned. For instance, Bitcoin began rising after reports emerged that Trump is not planning to fire Fed Chair Jerome Powell. But how exactly does Powell's job security relate to Bitcoin?

Many economists now expect the Fed to begin cutting rates. However, Powell has consistently stated that the FOMC will respond to changes in economic data, not to shifts in Trump's trade policies. Some are even anticipating a new round of quantitative easing (QE), which would inject new liquidity into the economy—similar to what we saw during the COVID-19 era. While such policies could benefit cryptocurrencies, especially Bitcoin, there is no sign of QE being launched yet. Moreover, it is highly questionable whether the Fed—after years of battling inflation—would now take steps that could reignite it.

So, much of the reasoning behind Bitcoin's rally seems speculative or, at the very least, highly debatable. Based on this, I believe we are more likely to see the formation of a corrective wave structure, rather than a new impulsive one. As I've stated in previous months, a prolonged and complex corrective phase still lies ahead.

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Final Thoughts

Based on the analysis of BTC/USD, I conclude that the downward segment of the trend is still developing. All signs point toward a complex, multi-month correction. Therefore, I have not recommended buying Bitcoin before, and I see even less reason to do so now. In my view, the best approach remains looking for selling opportunities.

At this stage, Bitcoin appears to be forming a corrective upward sequence of waves, which has not yet completed. Once wave c concludes, I would begin to seek short positions, targeting the $75,000 level.

On the higher wave scale, we can still see a completed five-wave upward structure. What is currently unfolding looks like the beginning of a corrective, downward phase or potentially a full-blown bearish cycle.

Core Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex patterns are difficult to trade and often unpredictable.
  2. If uncertainty dominates the market, it's better to stay out.
  3. There is never 100% certainty in market direction—always use Stop Loss orders.
  4. Elliott Wave analysis can be combined with other analytical methods and trading strategies.
Chin Zhao,
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تجویز کردہ مضامین

کریپٹو کرنسی مارکیٹ کی تجارت تجاویز برائے 10 جون 2025

بٹ کوائن نے بالآخر $107,000 کی سطح کو توڑ دیا، اور آج کے ایشیائی تجارتی سیشن کے دوران، یہ تیزی سے بڑھ کر تقریباً $110,000 تک پہنچ گیا، اپنی

Miroslaw Bawulski 13:35 2025-06-10 UTC+2

جون 9 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

بٹ کوائن ایک بار پھر $106,500 کی اپنی حالیہ پسندیدہ سطح تک پہنچ گیا ہے، حالانکہ جمعہ کے امریکی لیبر مارکیٹ کے اعداد و شمار نے اس اضافے کی حمایت

Miroslaw Bawulski 10:52 2025-06-09 UTC+2

جون 3 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

ایشیائی تجارت کے دوران بٹ کوائن اور ایتھر میں زبردست اضافہ ہوا، حالانکہ کل کا اختتام قدرے مایوس کن نوٹ پر ہوا۔ تاہم، ان اثاثوں کی تیزی سے مضبوطی

Miroslaw Bawulski 13:59 2025-06-03 UTC+2

کرپٹو سرمایہ کار اب بھی امید پرستی سے مغلوب ہیں

جاری تصحیح کے باوجود، کرپٹو اثاثوں کو خریدنے کی طرف سرمایہ کاروں کا جذبہ مثبت رہتا ہے، جیسا کہ نام نہاد خوف اور لالچ انڈیکس سے ظاہر ہوتا ہے،

Jurij Tolin 16:38 2025-05-30 UTC+2

مئی 29 (شمالی امریکی سیشن) کے لیے کرپٹو مارکیٹ پر تجارتی تجاویز

بٹ کوائن نے کافی مضبوط واپسی کی ہے، $108,000 کے نشان سے اوپر چڑھ کر $109,000 کو توڑ دیا۔ نیچے دیا گیا چارٹ $108,100 کی سطح کے ذریعے

Miroslaw Bawulski 20:05 2025-05-29 UTC+2

بٹ کوائن نے $109,000 تک بہتری کی ہے

بٹ کوائن آج تیزی سے $109,000 کی سطح پر پہنچ گیا۔ یہ تیز رفتار اضافہ، خاص طور پر کل کے 106,600 ڈالر تک گرنے کے بعد،

Jakub Novak 19:29 2025-05-29 UTC+2
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
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