BTC Short-Term Analysis: Breakout in Sight?

Here’s the latest Bitcoin update, based on technical insights from May 1, 2025:

1. BTC/USDT – 10-Minute Chart (Binance)

Current price: $96,439.99 (-0.04%)

We’re seeing a descending triangle breakout to the upside, signaling a potential bullish move. The target is set at $97,506.31.

RSI: 47.55 – Neutral momentum

MACD: Bearish (signal line above MACD line)

Stochastic: 52.21 – Neutral (neither overbought nor oversold)

This breakout could gain momentum if volume increases in the next few candles.

2. USDT.D – Market Cap Dominance (CryptoCap, 10-Min Chart)

Current dominance: 5.03% (-0.08%)

A breakdown from an ascending triangle suggests USDT dominance may fall towards 4.96%, hinting at risk-on behavior in crypto markets.

RSI: 55.97 – Neutral to slightly overbought

MACD: Bullish (MACD line above signal line)

Stochastic: 49.56 – Neutral

A drop in USDT.D often correlates with a BTC pump, aligning with the bullish breakout view.

3. BTC/USDT Liquidation Heatmap (Coinglass, 12H)

Price range: $94,000 – $96,000

The heatmap shows:

Green zones = liquidity pools

Yellow zones ($94,500 – $95,500) = stop-loss clusters

Volume peak at $94,000 (12.69M) acting as support

Consolidation in this liquidity zone hints at a potential liquidity grab and price push upwards.

Trading Plan (Spot Trading Only):

Entry: 96,066.62

1st TP: 96,891.83

2nd TP: 97,301.05

3rd TP: 97,578.86

Keep a close eye on momentum indicators for confirmation.

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