$BTC forecast for May 3

1. Overall situation:

Current price: $96,202.97

24h minimum: $96,132.67 (very close to the current level)

Price below MA(7), MA(25), MA(99) — a sign of a local downtrend

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2. RSI (6): 40.79

In the weakness zone, but not critical.

Possible bounce upwards in the near future, but the signal is not strong.

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3. Candlestick structure:

Several consecutive red candles, sales volume predominates.

After the local minimum ($96,132), a small green candle — potential reversal or calm before a new drop.

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4. Volumes (Vol):

Increase in volumes on red candles — confirms selling pressure.

However, the last green candle also has normal volume — possible buyer interest at lows.

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Forecast for today (short-term):

Scenario 1 (likely): A small bounce to MA(7) ~$96,300–96,400 with a possible test of MA(25) ($96,396).

Scenario 2: If they do not hold $96,130 — drop to ~$95,700–95,500.

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What to do for the trader:

Long: Can attempt a cautious entry with a stop below $96,100

Short: Without a clear breakthrough of support — risky