$BTC Short-term analysis BTC 02/05/2025

Since the price broke through the resistance at 95,500, it has been moving sideways around 96 ~97k. Currently, I am still holding a short-term position and have moved the Stop-Loss (SL) up to 96,000 to protect the profits from the 94k3 area, now just continue to ride the profits according to the market's cash flow increase.

💚 If you are in a LONG position from below:

Continue to hold the position, but you should move the Stop-Loss (SL) up to the $96,000 area to protect profits.

Consider taking profits gradually in the $97,800 – $98,500 area if you see signs of weakening buying power.

If BTC breaks through the $98,000 mark, the nearest target is $99,000 – $100,000.

💚 If you have not entered a position:

Avoid FOMO at the current high price area.

Watch for the price to pull back to the $96,000 – $96,300 area to get a better entry point.

Set the SL at $95,600 to limit risks.

If BTC drops below $95,000, you can set up from the beginning again.

📊 Technical indicators to note:

RSI (H1): ~69, close to the overbought area, warning of a possible correction.

MACD (H1): Still in an uptrend, but needs to be monitored further.

Trading volume: Slightly increased, supporting the current trend.