BTC MARKET UPDATE – MAY 10, 2025

1. Current price situation:

Bitcoin (BTC) price: ~$103,000

Change rate:

24h: +0.47%

7 days: +6.78%

30 days: +25.21%

Daily fluctuation: $102,387 – $103,978

2. Basis for the bullish trend:

(1) Expectations for Fed rate cuts:

Investors are expecting the Fed to begin a rate-cutting cycle in the second half of 2025. This stimulates the flow of money shifting from safe assets to riskier assets, including Bitcoin and cryptocurrencies.

(2) Institutional money flow:

Since the beginning of May, the amount of BTC held by investment funds, ETFs, and large institutions has increased significantly. The return of "smart money" helps keep BTC prices above the $100,000 level and strengthens the upward momentum.

(3) Positive market sentiment:

The Fear & Greed Index is currently at 73 – Greed, reflecting a clear optimism in the market. Additionally, the global economic and political situation is more stable compared to March-April.

3. Key technical analysis:

RSI (4H): ~74 – warning of potential short-term correction due to overbought conditions.

EMA20 – EMA200 (4H): BTC price is above all EMA lines → confirming a strong upward trend.

Volume: Maintained at a high level, stable after breaking the $100K range.

4. Conclusion & trading suggestions:

BTC is in a strong accumulation phase above $100K, with stable volume and institutional money backing.

However, the RSI is high, caution is needed for potential short-term technical corrections.

Suggested strategy:

If holding: Can continue to hold, taking partial profits around $104–105K.

If not in yet: Wait for a pullback to the $101,800 range or lower to re-enter.

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