[BTC/USDT Technical Analysis - May 3, 2025]
1H Frame:
• BTC is trading around the 96.415 USDT area, slightly down after a bounce to 97.895 USDT.
• EMA(7) and EMA(25) have crossed down, indicating that the short-term trend remains negative.
• RSI(6) is at 37, close to the oversold area, but there is no clear reversal signal yet.
• The nearest support zone is 96.180 – 96.300 USDT; if this area is broken, there is a possibility of returning to the 95.500 – 95.800 USDT mark.
• Low volume, with capital temporarily withdrawing from the market.
4H Frame:
• BTC has formed a Lower High - Lower Low pattern, with a clear downtrend.
• EMA(25) is acting as a dynamic resistance, with price being strongly rejected at the 98.000 USDT area.
• RSI(12) = 43, not yet in the oversold area but leaning towards the bear side.
1D Frame:
• The daily trend is still sideways-down.
• EMA(7) is at risk of crossing below EMA(25) => if this occurs, it will be a negative signal in the medium term.
• RSI(14) = 48, without a clear trend confirmation.
In summary:
BTC is testing the support zone of 96.000 – 96.300 USDT. If this area is broken, it is likely that BTC will return to test the 95.000 – 94.500 zone.
Reference strategy:
• Do not long too early at this moment.
• Monitor price reactions at the 96.000 area. If there is a reversal candle or a sudden spike in volume, consider a short-term long position.
• If the price loses the 96.000 mark and closes below this area, a short position might be triggered.
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