BTC/USDT 5-minute candlestick chart on Binance (May 4–6, 2025, UTC). The chart shows price fluctuating in a narrow band between roughly $94.0K and $95.2K. The 5-min chart is rangebound, echoing a 4-hour consolidation.

Analysis identifies the range bottom near $93.445K and top near $94.800K. $BTC is currently trading near the lower range (~$94.0K). Key support lies around $93.4K–93.6K (a drop below ~$93.445K would risk a deeper sell-off toward ~$92K).

Resistance is around $95.2K–95.8K (a break above ~$94.8K opens targets near $95.66K and higher).

Short-term momentum is neutral-to-cautious. Intraday RSI likely sits near mid-range (no extreme overbought/oversold), while the MACD on higher timeframes has turned slightly bearish (the daily MACD is below zero and a 3-day death cross is forming).

Bollinger Bands are relatively flat, indicating modest volatility within this sideways channel. Volume spikes align with the swing points (big sell on the dip to ~$93.4K and big buy attempts near resistance), suggesting active trading at the range edges.

Overall, the chart forms a rectangle/triangle pattern; holding above $93.4K keeps a short-term bullish bias, while a breakdown below that level would invite a sharper decline.

Trading Signal

Signal: Buy (on strength/dips)

Entry Price: ~$94,100 USDT (near current support)

Take Profit: ~$95,600 USDT (near next resistance)

Stop Loss: ~$93,300 USDT (below ~$93.445K)

Confidence: Medium