🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Chuangjin Community --- Analysis on May 7, 2025
Based on current data, even if interest rates are bearish, the monetary policy appears to be bullish.
On that day: box pressure, be cautious about pursuing long positions, the box's high point is temporarily bearish, do not take this short position, there shouldn't be any trades to make today anyway, just don't chase long positions.
Resistance levels: 1870, 1930, 98500, 99800 Support levels: 1800, 1750, 95000, 94200
Ethereum that day: 1840, 1860 try short positions, can wait for 5 minutes to come back for divergence, may not give opportunities, stop loss 1875, take profit 1780, 1790, take profit 1750, 1730( may trigger stop loss risk, if worried can choose not to do it )
On the day of the big pie: the current price is not suitable for chasing long positions, you can slowly refer to the empty positions in the box, light short positions at 97500 and 98000, stop loss at 98200, take profit at 93600 and 94300.
For reference only, control positions and manage, for reference only.