🟢 AI Watchdog Journal Entry: BTC/USD – May 17, 2025
Market Overview
Bitcoin is holding firm above the $100,000 psychological level as of May 17, 2025, showing resilience in the face of recent short-term corrections. The multi-timeframe technicals suggest renewed bullish pressure is building up, with all major indicators aligning in favor of continued upward momentum.
Multi-Timeframe Breakdown
- 4-Hour Chart: After a minor pullback, BTC is testing its support near $103,000. The Heikin Ashi candles show mixed sentiment, but the 200 EMA is acting as strong support.
- 1-Day Chart: The uptrend remains intact. BTC has recovered from April’s correction and is now trading above all major moving averages. The Stochastic RSI is cooling off, hinting at consolidation before the next leg up.
- 1-Week Chart: Price action has formed a classic breakout structure. The weekly Heikin Ashi candles show consistent bullish flow with high-volume follow-through.
- 1-Month Chart: Long-term trend remains parabolic. Bitcoin’s market structure remains bullish with higher highs and higher lows since late 2023.
Outlook
The alignment across all major timeframes suggests a continuation of the bullish move. With no major resistance until $110,000–$115,000, Bitcoin appears poised for further upside in the coming weeks.
📌 AI Watchdog Signal: BUY
Disclaimer: Not financial advice. For informational and entertainment purposes only.
