For may 07, 2025
š Bitcoin (BTC/USDT) Trading Signal
Current Price: $96,536
24h Change: +2.27%
Intraday Range: $93,587 ā $97,513
Technical Outlook: $BTC Bitcoin is exhibiting strong bullish momentum, approaching the key psychological resistance at $99,000. A breakout above this level could pave the way toward $100,000 and potentially $102,000. The market is supported by higher lows and increased trading volume, indicating buyer dominance.
Trade Setup:
Entry Zone: $98,000 ā $98,500
Target Levels:
$99,000 (Immediate resistance)
$100,000 (Major psychological level)
$102,000 (Bullish extension target)
Stop Loss: $96,500
Pro Tips:
1. Consider taking partial profits at $99,000 and adjust your stop-loss to breakeven to secure gains.
2. Monitor trading volume and RSI for signs of momentum continuation or potential reversal.
š Ethereum (ETH/USDT) Trading Signal
Current Price: $1,829.11
24h Change: +1.44%
Intraday Range: $1,757.58 ā $1,845.68
Technical Outlook: Ethereum $ETH is showing resilience above the $1,800 mark despite recent volatility. The upcoming Pectra upgrade is anticipated to enhance scalability and may positively influence price action. Currently, ETH is consolidating, with a potential bullish breakout if it surpasses the $1,855 resistance level.
Trade Setup:
Entry Zone: $1,925 ā $1,930
Target Levels:
$1,940
$1,955
$1,970
Stop Loss: $1,905
Pro Tips:
1. Watch for a potential pullback to support levels ($1,910 / $1,890) before another upward move.
2. Keep an eye on RSI and trading volume for confirmation of breakout strength.