*Bitcoin Quick Update โ 5 May 2025* ๐๐๐
๐ After a short-term pullback, BTC is currently holding around *94,300*. Price just retested the *major support zone (93.8Kโ94K)* and bounced slightly โ *still holding the structure* ๐.
๐ *Market Structure:*
- โ Support Zone: *93.8K โ 94K* (currently being respected)
- โ ๏ธ If broken, next key support: *91.6K*, followed by *88.5K*
- ๐ผ Resistance to watch: *96K*, break above = continuation
๐ฆ *Whales in action* โ over *48M BTC purchased* recently, signaling accumulation ๐ณ
๐ Analysts suggest *100K+* possible if BTC holds above *92K*
๐ *Bias*: *Bullish above93.8K*, cautious below
๐ฎ *Short-Term Move*: Possible bounce toward 95.5Kโ96K, or deeper retest of91.6K if breakdown happens.
๐ง *Reminder*: Market is volatile โ manage risk, donโt over-leverage #bitcoin $BTC