$ETH BTC DAILY OUTLOOK – May 2, 2025
#bitcoin has broken out bullishly from a rising wedge pattern, confirming strength with a solid daily candle close. This breakout sets the stage for a continued rally as the market eyes the $98,450–$100,000 zone.
We’re seeing a clear bullish structure supported by on-chain activity and price action. With news-driven clarity expected, market conditions favor the bulls — but volatility near major psychological levels like $100K is likely.
Key Technical Levels
Immediate Resistance: $97,475
Short-Term Targets: $98,424 → $99,421
Major Resistance Zone: $100,000 → $107,000
Support Levels: $95,900 → $92,000
Critical Hold Zone: Above $95,500 to keep bullish momentum alive
Trade Strategy
Bias: Bullish
Entry Zone (on pullback): $95.8K – $96.2K
Short-Term Target: $98.5K – $100K
Stop Loss (SL): Below $95,000
Take Profit (TP): $99K – $100K
Caution: The $100K level could bring increased volatility and possible rejection. Trade with discipline and avoid FOMO.
Conclusion:
$BTC is currently showing strength with bullish price action and clear targets. If price holds above $95.5K, we could see continuation toward the $98.5K–$100K zone soon. Ideal play is to buy the dip with tight stop-losses and scale out profits as we approach key resistance
