BTCUSDT – Technical Analysis and Trading Plan (9 May 2025)
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🚨 Continuation of bullish momentum or a sharp pullback coming ahead?
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📊 Current Price: $102,603 (+1.43%)
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📉 Market Insight:
🔼 BTC has surged past $100K, reaching its highest since February 2025.
🌍 Rally fueled by positive macro news, especially a U.S.–U.K. trade deal improving global sentiment.
🏦 Institutional demand rising — ETF inflows and whale accumulation support upward pressure.
📈 Momentum strong, but RSI near 68 suggests caution for potential short-term pullbacks.
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📐 Technical Setup:
🔁 Trend: Bullish with strong higher highs and higher lows
✋ Resistance Zones: $104,000 / $106,000 / $108,000
🛡️ Support Zones: $100,000 / $98,000 / $96,000
🧭 MA Levels: Price comfortably above both 50-day and 200-day MAs
📊 RSI: 68 (Approaching overbought)
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🎯 Trade Setup (Swing to Position):
Long Plan:
✅ Entry: On breakout and hold above $104,000 with strong volume
🎯 Target 1: $106,000
🎯 Target 2: $108,000
🎯 Target 3: $110,000
❌ Stop Loss: Below $100,000
Short Plan:
⚠️ Entry: On breakdown below $98,000
🎯 Target 1: $96,000
🎯 Target 2: $94,000
🎯 Target 3: $92,000
❌ Stop Loss: Above $102,000
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💡 Pro Tip:
🔎 Watch for a breakout above $104K with volume confirmation.
🚫 Avoid chasing the move without volume — false breakouts are likely near resistance.
⚖️ Maintain tight risk management in volatile zones.
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🔥 BTC is at a pivotal level.
💥 A clean breakout targets new highs, while rejection may trigger a sharp pullback.
🕒 Next 24–48 hours are crucial — stay nimble, stay informed.
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