Crypto Market Update – May 3, 2025 (Weekend Outlook)
Sentiment: Cautiously Bullish with Risk Factors Ahead
1. General Market Overview:
Weekend market is quiet, with de-risking ongoing post-Friday U.S. session.
Open Interest dropping due to monthly close-outs and pre-FOMC positioning.
Stock markets remain strong despite resistance; U.S. traders have been active buyers (Thursday/Friday).
Volatility Index weak, bond yields bearish – both support market stability.
2. Bitcoin (BTC) Outlook:
Short-Term Bias: Likely to drop into support zone between $95,300–$95,600.
Recovery Potential: If U.S. session shows strength, price could spike from support and avoid further downside.
Structure Remains Bullish unless clear breakdown occurs.
3. Ethereum (ETH):
Holding recent breakout but vulnerable to pullbacks over the weekend.
Watch $1,760–$1,750 as key support — breakdown could send ETH to $1,640.
Break above $1,820–$1,840 could trigger rally toward $1,920–$1,940.
4. XRP:
Stable around $0.219–$0.222.
Stronger than BTC short term, but no strong momentum expected without fresh news.
5. Altcoins to Watch:
EOS: Bullish breakout on higher time frame; volume holding. Watch for continuation.
ERGO: Strong volume; still worth watching.
INITIA (INJ): At support, potential bounce zone if strength returns.
BR Token: At resistance; could break to $0.064 with volume surge. High volatility expected.
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Trading Setup Ideas:
BTC/USDT
Entry: $95,400–$95,600
Targets: $96,800 / $98,200 / $100,000
Stop Loss: $94,500
ETH/USDT
Entry: $1,760–$1,780
Targets: $1,840 / $1,920
Stop Loss: $1,740
EOS/USDT
Entry: On support hold with volume confirmation
Target: $1.10 / $1.25
Stop Loss: $0.92
$BTC $XRP $EOS #BTC #MarketAnalysis #CryptoNews #MarketUpdate #trading