$BTC As of May 1, 2025, Bitcoin (BTC) is trading at approximately $96,920.82 USD, reflecting a notable increase of about 2.57% in the last 24 hours. The price has been fluctuating between $94,585 and $97,360, indicating heightened volatility.

Technical indicators present a cautiously optimistic outlook. The Relative Strength Index (RSI) is hovering around 65, suggesting that BTC is approaching overbought territory. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, hinting at potential upward momentum.

For those considering a long trade, a confirmed breakout above the $97,381 resistance level with increased volume could signal a bullish trend continuation. Conversely, a drop below the $94,480 support level might present a short trade opportunity, targeting lower support zones.

Beginner traders should exercise caution during such volatile periods. It's essential to wait for clear signals before entering a trade and always employ proper risk management strategies, such as setting stop-loss orders to mitigate potential losses.

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