Another correct 💯 signal for Bitcoin !
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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
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
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
99,713.75
+2.82%