BTC’s Decision Day: Big Move Loading? (6 May 2025 Update)
BTC is stuck at $93.7K right now, and the next candle might define the rest of May.
On May 6, 2025, here’s what I’m seeing on the charts and on-chain:
Funding rates cooling off → Possible trap for late shorters
Open interest rising without price movement = Explosion coming
On-chain SOPR dropping → Profit-taking done? Reaccumulation?
Whale Zones to Watch:
Breakout Zone: $94.6K → Target $97.2K
Breakdown Zone: $92.4K → Target $89.8K
Trade Plan:
Long above $94.6K (volume spike)
Short below $92.4K (candle close + volume confirm)
Don’t guess. React to the move.
Do you think BTC breaks out or fakes out today? Comment your play!
$BTC #cryptotrading #6May2025 #WhaleWatching #PriceAction #smartmoney