$BTC Market overview: The current Bitcoin price is $94,282 (as of May 1, 2025, 08:14 HKT), 24-hour change -0.08%, showing slight fluctuations. Technical indicators such as RSI (64.49) indicate neutral to slightly overbought, MACD shows a short-term bearish trend, but market sentiment is positive, with institutional funds inflowing to support the rise.
Short-term trading strategy
• Buy point: Wait for the price to pull back to $93,000-$94,000, higher chances of buying opportunity.
• Target price: $97,000-$98,000, aligning with recent highs and resistance levels.
• Stop loss: Set below $92,000 to control risk.
Medium-term trading strategy
• Accumulation strategy: If the price falls to $90,000 or below, consider accumulating, target $115,000-$125,000.
• Holding suggestion: Long-term holding, pay attention to whether it reaches the 5th wave peak of Elliott Wave Theory, and reduce positions at the appropriate time.
Analysis of dealer intentions indicates that institutional funds have recently flowed into ETFs, showing signs of accumulation, with positive market sentiment (83% of users are bullish). Dealers may be accumulating at lower levels, preparing to push the next wave of increase.
