๐ Market overview
Current price: $104,191 USD
24h volatility: +0.94%
Daily high price: $104,857 USD
Daily low price: $103,222 USD
Market capitalization: $2.07 trillion USD
24h trading volume: $48.6 billion USD
Circulating supply: 19.86 million BTC
All-time high price (ATH): $108,786 USD (January 2025)
๐ Technical analysis
Near resistance: $105,000 USD, $108,000 USD
Strong support: $102,000 USD, $100,000 USD
RSI indicator (4H): Around 65 โ near overbought territory
MACD: Trending upwards, positive signal
50-day SMA: Expected to reach $102,500 USD by May 15, 2025
200-day SMA: Expected to reach $98,000 USD by May 15, 2025
The 4-hour chart shows BTC is in a strong upward trend, with technical indicators supporting this upward movement. However, the RSI near overbought territory indicates caution with the possibility of short-term corrections.
๐ Featured news
ETF Spot Bitcoin in the US: Strong capital inflow recorded, indicating increased interest from institutional investors.
Fed maintains interest rates: Stable monetary policy supports positive market sentiment.
Stablecoin inflow to exchanges: Slight increase, indicating new money is preparing to enter the market.
๐ Trading strategy
Scenario 1 โ Open Long position
Reason for entry: Price breaks through the resistance level of $105,000 USD with strong trading volume, confirming the upward trend.
Entry zone: $104,500 โ $105,500 USD
Stop-loss (SL): $103,000 USD (Below nearest support)
Take-profit 1 (TP1): $108,000 USD
Take-profit 2 (TP2): $110,000 USD
Probability of success: 70% (Based on technical signals and strong capital inflow)
Scenario 2 โ Open Short position
Reason for entry: Price cannot maintain above $105,000 USD and shows signs of a downward reversal.
Entry zone: $104,500 โ $105,500 USD
Stop-loss (SL): $106,500 USD (Above nearest resistance)
Take-profit 1 (TP1): $102,000 USD
Take-profit 2 (TP2): $100,000 USD
Probability of success: 60% (Based on adjustment capability after a strong upward trend)
Note: The market is in a state of excitement; strict risk management is needed and technical signals should be closely monitored.
๐ BTC price forecast in the near future
Forecast suggests BTC price could reach $110,000 USD in the coming days if the current upward momentum is maintained. However, caution is needed regarding market factors that may affect this trend.
๐ BTC trading
