#MarketPullback $BTC $ETH $SOL

Is the #BTC decline an opportunity or a threat? Here’s today’s analysis live from the battlefield – Binance.

Updated technical analysis for Bitcoin (BTC) – May 5, 2025

Current price: BTC is trading at around $94,558, after a decline from a peak near $98,000

📈 Key resistances:

$98,000: Strong technical resistance, where exceeding it requires a daily close above $95,000 to confirm the upward trend

$100,000: Important psychological barrier, as the price is expected to face strong resistance at this level

📉 Key supports:

$92,000: Initial support to watch during declines

$90,000: Critical support level, where the 100 and 200-day moving averages intersect, making it a significant area of interest

📈 Technical indicators:

RSI: Stands at 68, indicating that the market is approaching an overbought area, but there is still room for upward movement

MACD: Shows a bullish crossover on the daily chart, supporting the likelihood of the upward trend continuing

Trading volume: Trading volume has increased by 38% over the past 24 hours, indicating increased activity and interest in the market

📊 The market shows positive signs, but caution is needed for potential declines. A strong daily close above the $98,000 resistance could open the door for testing higher levels, while breaking the $90,000 support may indicate a deeper correction.

What are your predictions? Do we see a breakout near the $100K level?