Bitcoin (BTC) is currently showcasing critical price action on the daily chart, prompting traders to evaluate higher time frames for a broader market bias while zooming into lower time frames for precise entry and exit points. On May 14, 2025, crypto analyst Miles Deutscher shared a detailed perspective on Twitter, emphasizing the importance of analyzing Bitcoin’s weekly and daily charts to establish an overarching trend direction before scaling down to 4-hour (4H), 1-hour (1H), and 15-minute (15M) charts for execution of support and resistance (S/R) levels. As of 08:00 UTC on May 14, 2025, Bitcoin was trading at approximately $62,350 on major exchanges like Binance, reflecting a 2.3% increase over the previous 24 hours, according to data from CoinGecko. This price movement aligns with a broader uptrend observed on the weekly chart, where BTC has been testing resistance near $63,000 since early May. Trading volume on Binance spiked by 18% in the last 24 hours as of 09:00 UTC on May 14, 2025, reaching $1.2 billion for the BTC/USDT pair, signaling heightened market interest. This volume surge suggests potential breakout momentum if Bitcoin can decisively clear the $63,000 resistance level. Meanwhile, on-chain data from Glassnode indicates a 12% increase in active addresses over the past week as of May 14, 2025, pointing to growing network participation and reinforcing bullish sentiment.

From a trading perspective, the implications of this multi-timeframe analysis are significant for both short-term scalpers and long-term holders. On the daily chart, Bitcoin’s price as of 10:00 UTC on May 14, 2025, hovers near a key support level of $61,800, which has held firm over the past three trading sessions. A break below this level could trigger a retest of the $60,000 psychological support, potentially leading to increased selling pressure. Conversely, a sustained move above $63,000 could open the door to $65,000, a level last seen in mid-April 2025. For traders focusing on lower time frames like 4H and 1H, the $62,000-$62,500 zone has emerged as a critical area of confluence, with multiple rejections noted as of 11:00 UTC on May 14, 2025. Trading pairs such as BTC/ETH and BTC/BNB on Binance also reflect correlated movements, with BTC/ETH showing a 1.5% uptick as of 12:00 UTC on May 14, 2025, indicating relative strength against altcoins. Cross-market analysis reveals a mild correlation with the S&P 500, which gained 0.8% on May 13, 2025, as reported by Yahoo Finance, suggesting that risk-on sentiment in traditional markets may be supporting Bitcoin’s current stability. This presents trading opportunities for those looking to capitalize on potential breakout scenarios while monitoring stock market movements for broader risk appetite cues.

Delving into technical indicators, the daily Relative Strength Index (RSI) for Bitcoin stands at 58 as of 13:00 UTC on May 14, 2025, indicating neither overbought nor oversold conditions but leaning toward bullish momentum. The Moving Average Convergence Divergence (MACD) on the 4H chart shows a bullish crossover as of 14:00 UTC on May 14, 2025, with the signal line crossing above the MACD line, hinting at short-term upward pressure. Volume analysis further supports this outlook, with the BTC/USDT pair on Binance recording a 24-hour volume of $1.25 billion as of 15:00 UTC on May 14, 2025, up from $1.05 billion the previous day. On the weekly chart, Bitcoin remains above its 50-day moving average of $60,500, a bullish signal for long-term traders as of May 14, 2025. In terms of stock-crypto correlation, movements in tech-heavy indices like the Nasdaq, which rose 0.9% on May 13, 2025, per Bloomberg, often influence institutional flows into Bitcoin, as evidenced by a 5% uptick in inflows to Bitcoin ETFs over the past week according to CoinShares data as of May 14, 2025. This institutional interest could amplify Bitcoin’s price action if traditional markets sustain their upward trajectory. For traders, key levels to watch include the $63,000 resistance and $61,800 support on the daily chart, with tighter S/R zones at $62,000-$62,500 on the 4H and 1H charts for intraday opportunities.

In summary, the interplay between stock market performance and Bitcoin’s price action remains a critical factor for traders. Institutional money flow, as reflected in ETF inflows, underscores the growing linkage between traditional finance and crypto markets. Monitoring these cross-market dynamics alongside technical levels and volume changes offers actionable insights for navigating Bitcoin’s volatility. Whether scalping on lower time frames or positioning for a longer-term trend, the data points and correlations highlighted provide a robust framework for informed trading decisions as of May 14, 2025.