Bitcoin Price Analysis (May 6, 2025)
Current Price: $95,300
Market Status: Consolidating with bearish pressure
Key Technical Observations:
- Support Levels: $94,000 (critical), $93,000 (secondary)
- Resistance Zones: $95,500, $95,000
4H Chart Indicators:
- MACD shows bearish dominance
- EMA signals pressure across short/mid/long-term averages
- Daily candles display consecutive bearish closes
Trading Strategy:
✅ Long Positions:
- Entry: $94,000 (primary), $93,000 (add-on)
- Stop-Loss: 500 points below entry
- Target: $95,500
❌ Short Positions:
- Entry: $95,000 (primary), $95,500 (add-on)
- Stop-Loss: 500 points above entry
- Target: $94,000
Ethereum Price Analysis
Current Price: $1,810
Market Status: Range-bound ($1,800–$1,840)
Key Technical Observations:
- 4H Chart Patterns: Multiple wicks indicate strong rejection levels
- MACD: Suggests short-term correction potential
- EMA120: Maintains upward trajectory
Trading Strategy:
✅ Long Positions:
- Entry: $1,780 (confirmed)
- Add-on: $1,750
- Target: $1,850
❌ Short Positions:
- Entry: $1,850 (primary), $1,880 (add-on)
- Stop-Loss: 30 points above entry
- Target: $1,800
Market Sentiment & FAQ
Q: Is Bitcoin's bull trend ending?
A: While short-term indicators show weakness, the higher timeframe structure remains bullish until $93,000 support breaks.
Q: Why target $1,850 for Ethereum?
A: This aligns with the upper boundary of the current consolidation channel and previous liquidity pool.
Q: How reliable are these levels?
A: All predictions derive from:
- Order book analysis
- Historical reaction zones
- Volume-profile confirmation
Risk Management Reminder
- Always use stop-loss orders
- Position sizing should not exceed 2% of capital per trade
- Re-evaluate setups if fundamental news contradicts technical structure
Analysis time-stamped: May 6, 2025 (00:30 UTC)
Note: Markets move rapidly—monitor price action for confirmation.