₿ BTCUSD Daily Analysis Based on Main Key Levels - May 5, 2025
- Neom
- May 5
- 1 min read
Daily Current Market Price (DCMP): 94,597
Resistance Above: 95,033 🚀 (Immediate), 96,978 (Strong)
Support Below: 93,088 🛡️ (Critical), 91,886 (Next)
Market Structure
Swing High: 100,125 (Key ceiling)
Swing Low: 83,974 (Key floor)
Price Action: Testing weekly pivot at 95,033 after rebound from 93,088 support
Trade Setup 1: Intraday Buy 🟢
Entry: 93,088 🎯
Stop Loss: 91,886 ⛔
Take Profit 1: 94,110 ✅
Take Profit 2: 95,033 ✅
Confluence: Weekly support + 61.8% Fib retracement zone
Trade Setup 2: Intraday Sell 🔴
Entry: 95,033 🎯
Stop Loss: 96,978 ⛔
Take Profit 1: 94,110 ✅
Take Profit 2: 93,088 ✅
Confluence: Weekly pivot resistance + overbought RSI
Technical Indicators
RSI: 58 (Approaching overbought at resistance)
MACD: Bullish crossover but losing momentum
Volume: Declining at higher prices - caution at resistance
Conclusion
BTCUSD shows tension between weekly support (93,088) and resistance (95,033). Range-bound strategies favored until breakout with volume confirmation.
Comments