$BTC

By May 2, 2025, Bitcoin (BTC) is trading at approximately $96,733, which shows a 1.1% increase in the last 24 hours. BTC has rebounded nearly 30% from April's lows and is now close to the $100,000 psychological resistance level. (Source: Investopedia)

According to the Wall Street Cheat Sheet, Bitcoin is currently entering the "Euphoria" phase from "Belief"—this is the stage when people are fully confident and the price rises rapidly. Now, over 90% of BTC supply is in profit, which is a signal of the euphoria phase. (Source: TheCryptoBasic)

However, caution is necessary. The RSI is showing bullish momentum, but trading volume is still low, indicating that large investors have not yet entered. Resistance levels are at $100,000 and $107,000, while support levels are at $92,000 and $85,000.

This euphoria stage often comes before a correction, so it is important to keep an eye on technical indicators and market sentiment.