$BTC

$BTC [TRADE ALERT] $BTC Long Setup – May 2, 2025

Bitcoin ($BTC) is currently trading around $96,940, showing strong bullish momentum after breaking key resistance.

ENTRY PLAN:

Buy Zone: $96,500 – $96,800

Take Profit (TP): $100,000

Stop Loss (SL): $93,000

RR Ratio: 1:2+

Technical View:

BTC broke out of a descending channel and bullish pennant—volume confirms the move. Key resistances are at $100K and $107K, with supports at $92K and $85K.

Risk Tip: Use 1–2% risk per trade. Trail SL above $98,500 to lock profits.