$BTC Market Outlook: What’s Really Going On?
Last night, I entered a short position around the $95,000 mark — only to wake up this morning and see it got taken out. Frustrating? Sure. But this isn't the time to panic.
Right now, the price action suggests $BTC still has room to push a bit higher. That said, I’m watching closely as it approaches the previous high. If it gets there with weak momentum, I’ll be looking to short again. No need to chase longs at this point — that window may have already closed.
Looking ahead, keep your eyes on May 8th. The Federal Reserve is set to release new data. If it’s bearish for markets, today might be the top. There’s not enough capital right now to force a hard breakout if the macro backdrop turns sour.
However, if the data is favorable, it's a different story. Many altcoins have been correcting quietly, and valuations aren't stretched. That could open up opportunities for selective long plays — but only if the setup is clean.
Bottom line: If you’re trading like this, with fast entries and exits, you better be steady. If not, sit tight and wait for clearer signals. Don’t force the trade.