As of today, May 7, 2025, Bitcoin (BTC) is trading at approximately $96,900, showing a 2.92% increase over the past 24 hours.
BTC Futures Outlook:
CME Futures: Bitcoin CME Futures are currently priced around $97,430, reflecting a 0.70% gain in the past 24 hours.
Technical Indicators: The market sentiment is neutral to bullish, with 62% of technical indicators signaling a positive outlook.
Trade Strategy:
Support Level: BTC has established a support at $93,587.
Resistance Level: The next resistance is around $97,513.
Potential Trade: Consider entering a long position near the support level, targeting the resistance for potential gains.
Note: Always conduct thorough research and consider your risk tolerance before engaging in futures trading.