As of May 8, 2025, Bitcoin (BTC) is trading around $98,864, exhibiting strong bullish momentum. This surge is attributed to various factors, including increased institutional interest and macroeconomic conditions favoring digital assets.
Trade Setup: BTC/USDC
Entry: $98,500 (upon confirmation of support at this level)
Take Profit (TP): $103,500 (targeting the next resistance zone)
Stop Loss (SL): $96,500 (below recent support to manage risk)
Risk/Reward Ratio: Approximately 2.5
This setup aims to capitalize on the ongoing bullish trend while maintaining prudent risk management.
Bitcoin is approaching the $100K mark, breaking through key resistance levels. If it confirms support at $98.5K, we could see a push toward $103.5K. Monitor closely for confirmation.
