$BTC Short-term analysis of BTC 02/05/2025

Since breaking the resistance at 95,500, the price has been fluctuating around 96 ~97k. Currently, I am still holding a short-term position and have moved the Stop-Loss (SL) up to 96,000 to protect the gains from the 94k3 area, now just continuing to ride the profits according to the market's cash flow increase.

💚 If you are in a LONG position from below:

Continue to hold the position, but it is advisable to move the Stop-Loss (SL) up to the $96,000 area to protect profits.

Consider gradually taking profits in the $97,800 – $98,500 range if there are signs of weakening buying power.

If BTC breaks through the $98,000 mark, the nearest target is $99,000 – $100,000.

💚 If you have not entered a position:

Avoid FOMO at the current high price range.

Look for a price retracement back to the $96,000 – $96,300 area for a better entry point.

Set the SL at $95,600 to limit risks.

If BTC breaks below $95,000, we will reset from the beginning.

📊 Technical indicators to note:

RSI (H1): ~69, close to overbought territory, warning of a potential correction.

MACD (H1): Still in an uptrend, but needs further monitoring.

Trading volume: Slightly increased, supporting the current trend.

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