GigaAlgo BTC Market Outlook – May 7, 2025
Sentiment: Still bullish overall, but short-term timeframes are starting to weaken.
Price Action: BTC recently tapped into a key premium supply zone and is showing signs of rejection.
Structure: The trend remains in a bullish structure with higher highs and higher lows, but a minor break of structure has occurred near the recent high.
Support Zones: If the current support level fails, the next major support lies at the equilibrium zone, with stronger demand lower in the discount area.
Volume Analysis: Heavy volume was seen near the highs, indicating potential exhaustion or smart money selling.
Oscillator Insight: Momentum is slowing, suggesting a possible consolidation or deeper retracement before any further move up.
Sentiment: Still bullish overall, but short-term timeframes are starting to weaken.
Price Action: BTC recently tapped into a key premium supply zone and is showing signs of rejection.
Structure: The trend remains in a bullish structure with higher highs and higher lows, but a minor break of structure has occurred near the recent high.
Support Zones: If the current support level fails, the next major support lies at the equilibrium zone, with stronger demand lower in the discount area.
Volume Analysis: Heavy volume was seen near the highs, indicating potential exhaustion or smart money selling.
Oscillator Insight: Momentum is slowing, suggesting a possible consolidation or deeper retracement before any further move up.
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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.
Related publications
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.