#BTC #BTC☀ #TradeLessons #CryptoCPIWatch #CryptoRoundTableRemarks

Here is an updated technical analysis for Bitcoin (BTC/USDT) as of May 13, 2025:

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🔢 Current Price

📉 $103,660 (down 0.55% over the last 24 hours)

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📊 Technical Analysis

🟢 Overall Trend

Bitcoin has been in an upward trend since mid-April, supported by strong institutional inflows and optimism regarding economic policies.

🔼 Resistance Levels

$107,000: A strong resistance level, representing a previous double top.

$109,225: The highest historical price recorded in January 2025.

$120,000: A potential bullish target if positive momentum continues.

🔽 Support Levels

$100,000: An important psychological and technical support; breaking it may lead to a deeper correction.

$93,780: A key technical support, representing a previous low.

$92,000: Additional support at the 200-day moving average.

📈 Momentum Indicators

Relative Strength Index (RSI): Above 70, indicating an overbought condition and the potential for a short-term correction.

Trading volumes: Relatively low, which may indicate caution among large investors.

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🧭 Trading Recommendations

📌 For Short-Term Investors

Buy on the bounce from the $100,000 support level, with a stop loss set at $92,000.

Partially sell or take profits at $107,000 and $109,000.

📌 For Medium-Term Investors

Hold open positions as long as the price remains above $100,000.

Monitor for a breakout above resistance.