BTC/USDT Market Outlook – 1 May 2025
Bitcoin is grinding near $94.8K, cooling off after a powerful bounce from the $74K zone. Momentum is still bullish, but signs of fatigue are showing — RSI is overheating (~73) and volume is fading.
Long Setup:
• Entry: $93.8K–$94.2K
• TP: $97.5K / $100K
• SL: $91.8K
Short Setup:
• Entry: $95.2K–$95.5K
• TP: $92K / $89.8K
• SL: $96.4K
Key Levels:
• Support: $92.9K / $89.8K
• Resistance: $95.2K / $97.5K
• Watch: $100K psych level
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Volume Insight:
Price is climbing, but volume is dropping — a warning sign.
• Low volume = weak breakout
• Watch for a volume spike to confirm direction
• No volume = risk of rejection at $97.5K+
This is a range trader’s zone. Don’t chase — wait for confirmation. Volume will show who’s really in control.
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Disclaimer: This is not financial advice. Trade safe, protect your capital, and always DYOR.