🚨 BTC/USDT Technical Analysis – May 16, 2025 🚨
1- Bitcoin is trading around $104,000, consolidating after strong gains earlier this month.
2- Key Levels:
🔹 Support: $100,000, then $98,000
🔹 Resistance: $106,000, then $110,000
3- Indicators: 📈 RSI is neutral – no overbought pressure 📉
MACD signals bullish continuation 🟢 50EMA holding strong support
4- Price structure remains bullish as long as $100K holds
– potential for new highs if momentum continues.
5- Trade Setup:
👉 Enter on breakout above $106,000
👉 Safer long entries near $100,000
👉 Stop loss: Below $98,000
👉 Target: $110,000+
6- Whale accumulation & macro sentiment still favor bulls 💥
7- Always DYOR & manage risk🧠
