Weekly Trading Analysis: A Detailed Breakdown of Market Momentum BTC 21st – 27th April 2025
After last week's explosive rally fueled by positive tariff news with China, Bitcoin entered this week carrying strong momentum. However, price action started to slow down as the week progressed. In this breakdown, we’ll dive into how BTC traded during the week, key technical levels that developed, and what to watch for going into next week.
Hourly Overview
Coming into Monday, price action was relatively tame compared to the previous week’s move. BTC traded within a defined range, establishing support at 86.8k (the upper end of Sunday’s fair value gap) and resistance at 88.1k.
Tuesday’s pre-New York session saw a breakout of this range, with a bullish order block (BOS) pushing price to a high of 94.1k by the end of the day. This breakout was strong and came with a noticeable surge in volume.
Wednesday and Thursday were marked by consolidation, with price trading between 91.9k support and 94.4k resistance. During this range, a significant hourly buy setup emerged — price pulled back into a recent 1-hour fair value gap, retested previous resistance-turned-support at 91.9k, and formed a bullish engulfing candle, providing a strong confirmation.
Friday’s pre-New York open saw a strong move out of the 2-day range, supported again by a surge in volume, validating the breakout. BTC pushed to a weekly high of 95.7k before pulling back and finding temporary support at 94.4k into the weekend.
Weekend price action was lackluster, featuring a slow sell-off that broke below the 94.4k level and the 50 EMA on the hourly. Late Sunday afternoon saw a noticeable spike in selling volume, with price struggling to reclaim the 50 EMA — a key sign of potential weakness heading into Monday's New York session.
Daily Overview
The daily chart reflects a strong continuation of bullish structure early in the week, with a series of large bullish candles directly tied to positive tariff news.
A notable bullish daily fair value gap formed between 91.9k and 88.4k, offering a potential future area of interest for mean reversion. Despite the early strength, price eventually faced resistance at the 95.5k–96k key daily level, failing to break higher.
Volume significantly tapered off toward the end of the week, which coincided with BTC's momentum slowing down. If volume continues to decline, it could be a sign that a pullback is imminent.
Technically, the market remains bullish on the daily timeframe, but the loss of momentum combined with proximity to resistance zones suggests a pullback into the daily FVG could materialize — with confluence found in the Fibonacci golden zone and previous structural support levels.
What to Watch
This week presents a relatively quiet news environment, meaning price action will likely respect technical structures more cleanly without major fundamental disruptions.
Key upcoming events:
Wednesday: US Advance GDP
Friday: US Unemployment Rate
Both data releases could have trickle effects on risk assets, including Bitcoin. Watch for how price reacts near the 91.9k–88.4k FVG zone if a pullback occurs, and monitor volume closely — continued declines could signal larger corrections brewing.
