📊BTC/USD Price Action Outlook – May 8, 2025
🔹Current Price: $94,594
🔹Timeframe: 1H
📌Key Demand Zones (Support):
🟢$97,322–$97,718 – Fresh breakout demand zone
🟢$95,789–$96,224 – Consolidation base (ideal bullish re-entry zone)
🟢$93,407 – HTF demand (last line of bullish defense)
📈Bullish Scenario:
Bitcoin continues its strong rally after breaking above $97.3K zone. If price holds above that range, we may see a push toward the psychological $100K level. Watch for bullish consolidation or flag continuation.
📉Bearish Scenario:
If price fails to hold above $97.3K and breaks below $96.2K, expect pullback toward $95K–$93.4K zones. Deeper structure shift only confirmed below $93K.
⚡Trade Setup Tip:
✅Wait for retest of $97,322 zone
✅Entry confirmation on 5M/15M BOS or bullish engulfing
✅Target $99.5K–$100K short term with tight SLs
🔹Current Price: $94,594
🔹Timeframe: 1H
📌Key Demand Zones (Support):
🟢$97,322–$97,718 – Fresh breakout demand zone
🟢$95,789–$96,224 – Consolidation base (ideal bullish re-entry zone)
🟢$93,407 – HTF demand (last line of bullish defense)
📈Bullish Scenario:
Bitcoin continues its strong rally after breaking above $97.3K zone. If price holds above that range, we may see a push toward the psychological $100K level. Watch for bullish consolidation or flag continuation.
📉Bearish Scenario:
If price fails to hold above $97.3K and breaks below $96.2K, expect pullback toward $95K–$93.4K zones. Deeper structure shift only confirmed below $93K.
⚡Trade Setup Tip:
✅Wait for retest of $97,322 zone
✅Entry confirmation on 5M/15M BOS or bullish engulfing
✅Target $99.5K–$100K short term with tight SLs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.