📌 Market overview
Current price: $103,242
24h volatility: +0.13%
Highest price of the day: $103,954
Lowest price of the day: $102,824
24h trading volume: $38.33 billion
Market capitalization: $2.05 trillion
All-time high (ATH): $109,000 (January 2025)
📈 Technical analysis
Resistance near: $107,000
Strong support: $92,000
RSI (30 minutes): 61 – not in overbought territory
MACD: Heading towards a bullish crossover
The 4-hour chart shows a strong bullish structure, with candles breaking through key resistance levels at $98,000 and $100,000.
📊 Trading strategy
Scenario 1 – Open Long position
Reason to enter: Price maintains above $100,000 with strong trading volume, reflecting significant interest from institutional investors. A bullish structure is gradually forming.
Entry zone: $103,500 – $104,000
Stop-loss (SL): $99,800 (Below the nearest support at $100,000)
Take-profit 1 (TP1): $107,000 (Nearby resistance)
Take-profit 2 (TP2): $120,000 (Expected price level in Q2/2025)
Probability of success: 75% (Based on the current bullish trend and strong support from key price levels)
Scenario 2 – Open Short position
Reason to enter: If the price cannot break above $107,000 and shows signs of a strong decline, the market may correct sharply down to lower support levels.
Entry zone: $106,500 – $107,000
Stop-loss (SL): $108,500 (Above the nearby resistance at $107,000)
Take-profit 1 (TP1): $100,000 (Strong support and important psychological level)
Take-profit 2 (TP2): $92,000 (Strong support below the current price)
Probability of success: 65% (Based on bearish divergence signals and the likelihood that the market will correct in the short term)
📰 Featured news
Spot Bitcoin ETF: Inflows into spot Bitcoin ETFs reached $5.3 billion in the past 3 weeks, indicating strong interest from institutional investors.
BTC price forecast: Standard Chartered predicts BTC could reach $120,000 in Q2/2025.
🔗 BTC trading