📊 Bitcoin (BTC) Market Overview – May 1, 2025

🔹 Current Price Action

Bitcoin has rebounded significantly from its April low of around $74,000, reaching the $96,000 mark—a 28% increase. This surge is attributed to renewed institutional interest and favorable macroeconomic conditions. ​

🔹 Technical Indicators

Resistance Levels: $95,800, $97,400

Support Levels: $93,000, $91,300 (111-day moving average)

Trend: Bullish, with higher lows indicating upward momentum

Market Sentiment: Neutral to slightly bullish​

Analysts suggest that a brief dip to the $93,000–$93,800 range could occur to gather liquidity before a potential rally towards $100,000. 

📈 Short-Term Trading Strategy for BTC

🔹 Entry Points

Breakout Entry: Consider entering a long position if BTC breaks and sustains above the $95,800 resistance level with strong volume confirmation.

Pullback Entry: If BTC retraces to the support level around $93,000 and shows signs of a bullish reversal, it may present a buying opportunity.​

🔹 Take-Profit Targets

TP1: $97,400

TP2: $99,000

TP3: $100,000​

🔹 Stop-Loss

SL for Breakout Entry: Below $94,500 to manage downside risk.

SL for Pullback Entry: Below $91,000 to limit potential losses.​

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact BTC's price.​

Always conduct your own research and consider market conditions before making trading decisions.