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BTC/USDT Technical Update - May 2, 2025

Bitcoin is showing strong bullish momentum, currently trading at $96,700, up +1.08%. Price action is well-supported above the key moving averages — MA(7) at $95,001, MA(25) at $88,449, and MA(99) at $90,098 — indicating a continuation of the uptrend.

The recent breakout above the previous consolidation zone and a fresh 24h high at $97,424 suggest strong buyer interest. Volume remains healthy, further confirming the bullish sentiment.

Key levels to watch:

Resistance: $97,424, $98,500

Support: $95,000, $90,000

Trend remains bullish unless BTC breaks below the short-term MA(7). Traders should watch for a potential breakout above $97.5k for momentum continuation.