As of May 13, 2025, the price of Bitcoin $BTC

is around $103,729, experiencing a decrease of about 0.26% in the last 24 hours. Despite a slight correction, the short-term trend remains bullish, supported by positive market sentiment and strong technical indicators.

🔍 Technical Analysis & Market Sentiment

• Key Support Levels: $94,545, $92,265, and $91,094.

• Key Resistance Levels: $97,996, $99,167, and $101,447.

• RSI Indicator: Above 70, indicating overbought conditions but still in an upward trend.

• Market Sentiment: Bullish, with the Fear & Greed Index at 70 (Greed).  

Bitcoin has shown strong performance, rising about 14% in April and currently just 3% below its all-time high. Factors such as global interest rate easing, new US trade agreements, and expectations of US interest rate cuts have driven investor interest. 

📈 Recommendations for Day Traders

• Long Strategy: Consider entering a long position as the price approaches the support level of $94,545, with a profit target around $107,000 to $120,000 if bullish momentum continues.

• Short Strategy: Be cautious of potential corrections if the price fails to break the resistance at $107,000; a decline could head toward $92,000 as the next support level.  

⚠️ Important Notes

• US inflation data to be released may affect market volatility in the short term.

• Although the short-term trend is bullish, remain cautious of potential technical corrections.

Overall, the current market conditions support day trading strategies with a bullish approach, but it is still advisable to actively monitor economic news and technical indicators.