$BTC

Market Analysis on May 2, 2025 (BTC/U)

For reference only, not investment advice

Market Overview:

Bitcoin has finally broken out from a week of “sideways prison,” but now stands at a critical decision point: will it soar to new heights, or is this a false breakout that will pull back?

Key Chart Analysis (1-hour chart)

• Current Price: 96,392.5 U

• Opening Price: 96,123.6 U

• Take Profit Target: 97,277.4 U (+1.19%)

• Stop Loss Position: 95,433.3 U (-0.71%)

• Risk-Reward Ratio: 1.67 (fair)

Several key points I see:

1. Minor break in the rising channel:

• Bitcoin has exploded from the sideways zone (gray box), leading to a strong upward movement;

• But now the price has slightly dipped below the yellow line slope (upward support line), indicating a clear weakening of short-term momentum.

2. High without volume, oscillating pullback:

• Current candlestick pattern is relatively weak;

• If it cannot quickly regain the support level, the market may regard it as a false breakout, increasing the likelihood of a sell-off.

3. Key support observation point:

• If it falls below 95,500 U, it is advisable to decisively cut losses;

• If it can hold and quickly rebound above 96,600 U, there is still hope for bulls.

Advice (from my perspective)

• For those already in:

• Set stop losses and do not become emotionally attached;

• If it stabilizes above 96,700 U, consider holding;

• But keep a close eye on the hourly closing situation; a significant bearish candle should prompt an exit.

• For those looking to enter:

• Do not chase the rally; wait until it confirms standing above the upper line of the channel before considering following in;

• Or be bold and wait for a drop to the 95,000~95,300 U range to bet on a rebound.

In a nutshell:

This time Bitcoin's bulls are not lacking dreams, but the market has not given them confidence. If the next hour lingers at the edge of oscillation, don't hesitate, just avoid the risk.