Chart the Market (14/05/2025)

BTC, H4: 

Bitcoin extended its rally, climbing near the $110,000 mark—just shy of its all-time high—before encountering resistance. While a technical retracement may be on the cards in the near term, the broader bullish structure remains intact as long as BTC holds above the key support zone near $92,000.

Adding to the bullish case, BTC continues to find support above the fair-value gap formed during its previous uptrend, reinforcing investor confidence in the ongoing rally. Momentum indicators remain constructive, with the RSI entering overbought territory and the MACD trending higher, suggesting buying momentum is still building.

Should BTC maintain its footing above current support levels, a breakout to fresh record highs appears increasingly likely.

Resistance Levels: 109,250.00, 114,000.00

Support Levels: 96,000.00, 91,800.00

Nasdaq, H4

The Nasdaq Composite surged past the 21,000 mark, reaching its highest level since February and reinforcing a bullish outlook for the tech-heavy index. The breakout underscores sustained buying interest, with momentum firmly skewed to the upside.

However, a gap formed in the previous session could signal a near-term technical pullback, as markets often move to fill such price voids. Despite this risk, momentum indicators remain supportive. The RSI has pushed into overbought territory, while the MACD continues to trend higher, suggesting that bullish momentum is still intensifying.

A successful consolidation above 21,000 could pave the way for further gains in the sessions ahead.

Resistance Levels: 22,200.00, 23,660.00

Support Levels: 21,000.00, 20,120.00