Zaib Trader
Frequent Trader
4 Years
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As of May 8, 2025, Bitcoin ($BTC ) is trading at approximately $96,161, reflecting a 1.25% increase over the past 24 hours. The day's trading range has spanned from a low of $94,528 to a high of $97,513.
Short-Term Forecast (Next 24 Hours):
Analysts anticipate that $BTC may experience modest upward momentum in the coming hours. Forecasts suggest a potential rise to around $97,110 within the next 8 hours, marking a 0.97% increase from current levels . However, Bitcoin is encountering significant resistance near the $96,000 mark, which has been tested multiple times recently without a decisive breakout .
Technical Indicators:
Support Levels: Key support is observed around $93,500, with a more substantial support zone between $88,000 and $90,500 .
Resistance Levels: Immediate resistance lies at $96,000, followed by a stronger barrier near $100,000.
Market Sentiment: Technical analysis indicates a bullish sentiment, with 11 out of 17 indicators signaling a 'buy' .
Market Dynamics:
The current market exhibits mixed signals. While a negative funding rate and increased short leverage suggest potential downward pressure, significant open interest and positive volume delta point toward the possibility of a breakout in either direction .
Conclusion:
In the next 24 hours, Bitcoin is likely to trade within a range of $94,000 to $97,500. A sustained move above $96,000 could pave the way for a test of the $100,000 resistance level. Conversely, failure to maintain current levels may lead to a retest of support around $93,500. Traders should remain vigilant and consider setting stop-loss orders to manage potential volatility.
#TradeStories #FOMCMeeting #MostRecentTrade
Short-Term Forecast (Next 24 Hours):
Analysts anticipate that $BTC may experience modest upward momentum in the coming hours. Forecasts suggest a potential rise to around $97,110 within the next 8 hours, marking a 0.97% increase from current levels . However, Bitcoin is encountering significant resistance near the $96,000 mark, which has been tested multiple times recently without a decisive breakout .
Technical Indicators:
Support Levels: Key support is observed around $93,500, with a more substantial support zone between $88,000 and $90,500 .
Resistance Levels: Immediate resistance lies at $96,000, followed by a stronger barrier near $100,000.
Market Sentiment: Technical analysis indicates a bullish sentiment, with 11 out of 17 indicators signaling a 'buy' .
Market Dynamics:
The current market exhibits mixed signals. While a negative funding rate and increased short leverage suggest potential downward pressure, significant open interest and positive volume delta point toward the possibility of a breakout in either direction .
Conclusion:
In the next 24 hours, Bitcoin is likely to trade within a range of $94,000 to $97,500. A sustained move above $96,000 could pave the way for a test of the $100,000 resistance level. Conversely, failure to maintain current levels may lead to a retest of support around $93,500. Traders should remain vigilant and consider setting stop-loss orders to manage potential volatility.
#TradeStories #FOMCMeeting #MostRecentTrade
STOP IF GOING TO BUY $SOL
Reason:
On 1 hours timeframe $SOL has made BOS to down.
Now has retested the zone and taking rejections
SIGNAL TO TRADE
TimeFrame = 1 Hour
SELL NOW:
Entry = 143.66
Stop Loss = 146.00
Tp 1: 142.00
Tp 2: 139.00
#MarketPullback
Reason:
On 1 hours timeframe $SOL has made BOS to down.
Now has retested the zone and taking rejections
SIGNAL TO TRADE
TimeFrame = 1 Hour
SELL NOW:
Entry = 143.66
Stop Loss = 146.00
Tp 1: 142.00
Tp 2: 139.00
#MarketPullback
Don't Go For Selling In $BTC .
REASON:
BTC/USD is at the almost near of it's last high.
Most of the Bullish traders are thinking to exit from here.
MY DECISION:
I am going long on $BTC
At 4 Hour TimeFrame According to my highly profitable and secret strategy $BTC is going To 97,900
ENTRY
Right Now
Sl: 92,900
Target: 96,500
Target 2: 97,900
#MarketPullback #SaylorBTCPurchase
#BitcoinReserveDeadline
REASON:
BTC/USD is at the almost near of it's last high.
Most of the Bullish traders are thinking to exit from here.
MY DECISION:
I am going long on $BTC
At 4 Hour TimeFrame According to my highly profitable and secret strategy $BTC is going To 97,900
ENTRY
Right Now
Sl: 92,900
Target: 96,500
Target 2: 97,900
#MarketPullback #SaylorBTCPurchase
#BitcoinReserveDeadline
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