$1. Price Trend
Current Price: Bitcoin is currently reported at approximately $96,744.41, up 0.44% from yesterday.
Volatility Range: The 24-hour volatility range is $96,497 - $97,881.
High Point: Earlier today, it reached $97,658, continuing to maintain the upward breakout trend.
Historical High: Compared to the unbroken historical high of $109,026, the current price still has about 11.49% upside potential.
2. Technical Patterns and Indicators
Daily Chart: The BTC price has clearly broken through recent resistance levels and has successfully stabilized above $96,000.
MACD Indicator: Shows strong bullish signals, with the price holding above key moving averages, indicating that the upward trend in the short to medium term is confirmed.
Funding Rate: The funding rate has turned negative, which historically often indicates a possible bullish reversal.
3. Market Catalysts
Funding Rate: The funding rates for perpetual contracts on major platforms are showing negative values, indicating that short sellers are paying fees to long holders.
On-Chain Data: The number of wallet addresses holding more than 0.1 BTC has increased by 3.2%, indicating that small investors are actively accumulating Bitcoin.
Futures Open Interest: The number of open contracts for CME Bitcoin futures has surged to $9.8 billion, an increase of 22% from the previous day, indicating rising interest from institutional investors in Bitcoin.
4. Operational Strategy
Breakout Follow-Up Strategy: If the price effectively stabilizes at the support level of $96,500, consider entering with a small position in the direction of the trend. The primary target price is $98,500; if broken, look towards the important psychological level of $100,000. The stop-loss should be strictly set below $95,500, with individual risk controlled within 2% of total capital.
Pullback Buying Strategy: If the price pulls back to the support area of $95,500 - $96,000 and stabilizes, consider building positions gradually. The initial position should be controlled at 5%, and after stabilization, it can be increased to a total position of 10-15%. The stop-loss should be set below $94,500, with strict risk control enforced.
Range Breakout Strategy: Closely monitor the resistance area of $97,800 - $98,000; if the price breaks through this area on high volume, a rapid rise may follow. After confirming the breakout, consider increasing the position to 20%, targeting the $100,000 - $101,000 area. Defensive measures: If the price quickly falls back below $97,500 after the breakout, consider reducing the position to 50% to control risk.
5. Risk Warning
Large Holder Movement: The transfer of 3,000 ETH by a large Ethereum holder to Kraken may indicate potential selling pressure, and the price may face volatility in the short term.
Technical Resistance Level: Bitcoin is approaching the $98,000 level, which may form short-term resistance; investors should be cautious about potential pullback risks.
Market Expectations: As the Bitcoin price approaches the psychological barrier of $100,000, market sentiment may be overly optimistic, increasing the likelihood of a pullback.
From the above analysis, it can be seen that Bitcoin exhibits a strong upward trend on May 3, 2025, but investors should be aware of market volatility and potential risks.
