$BTC Trade Signal - May 7, 2025
Bitcoin has shown strong momentum, bouncing from a 24h low of $93,377 to a recent high of $97,732, confirming bullish pressure. Current price: $96,575.99, up 2.12% in the last 24h.
Long Entry:
Ideal Entry Zone: $96,000–$96,300
Target 1: $97,700
Target 2: $98,500+
Stop Loss: $95,400
Short Entry (if price rejects resistance):
Entry Zone: $97,500–$97,700
Target 1: $95,800
Target 2: $94,500
Stop Loss: $98,100
Technical Insight: BTC broke above the 99-MA and is holding above the 25-MA. Watch for volume confirmation and candle rejections at key levels before entering. Trade wisely, and manage risk.
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