Hello everyone, today is 25/05/2025, I quickly update the situation of BTC for everyone to refer to before entering orders.
General situation:
After the recent strong increase to a new peak around $110,000, BTC is showing signs of slight exhaustion and is correcting to the region of $107,000. As of now, the price fluctuates around $106,900 - $107,100, indicating that the market is entering a short-term accumulation phase.
Volume is starting to decrease, reflecting a wait-and-see mentality and caution from investors – quite reasonable as the price is close to a strong resistance zone and there are no clear signals about the next trend.
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Personal view & trading plan:
1. Long scenario (for those who want to catch a short-term bottom):
Nice entry: around $106,600 - $106,800
Short TP: $108,200 – $108,500
SL: below $106,000
> Note: Only Long if you see a good price reaction, with strong volume entering the support zone.
2. Short scenario (if the market cannot break through resistance):
Wait for a reaction around the zone of $108,300 – $109,000, if there is a reversal signal then enter Short.
TP: around $106,500
SL: above $109,200
> This scenario is prioritized if you see the price being strongly rejected at the resistance zone.
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Market sentiment:
Currently, many short-term holders have started to distribute and take profits. I see this as a warning signal that BTC may still sideway or slightly correct before a new upward movement. Therefore, in this period, you should trade based on price zone reactions, and not FOMO into breakouts too early.
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Conclusion:
BTC is in a sensitive area, with an unclear trend. I choose a strategy of trading based on zones – looking to Long at strong support and Short at resistance zones, taking light positions, and keeping SL tight.
If you see any good trades, feel free to share more!
