2025-05-09 02:52:42

#BTCBreaks99K – Major News Fuels Market Surge

Driven by strong news yesterday, both U.S. stocks and the crypto market surged sharply. However, with the market currently highly sensitive to headlines, sudden swings are likely. Avoid one-sided bets—it's safer to prepare for both upside and downside scenarios.

Market Insight:
Bitcoin saw a strong breakout, surpassing a key level. However, the short-term move appears overextended, and volume hasn’t fully confirmed the rally—suggesting a possible pullback ahead. The strategy for today: continue to look for long entries on dips, manage position sizes carefully, and always use stop-loss protection. Avoid chasing highs; wait for retracements to buy. The bull market remains intact, and the long-term outlook is still positive.

Technical Analysis:

Daily MACD: Golden cross continues

4H RSI: Overbought at 76.9, not yet topped

Short-term support: Shifted up to $98,000

Key breakout level: If BTC holds above $100,000, a test of the previous high at $109,000 is likely

Trading Plan:

Bullish setup: Buy on pullbacks to $99,000–$100,000

Stop-loss: $97,000

Targets: $105,000–$109,000

Shorts: Enter cautiously—if BTC breaks above

MAJOR-0,56%

BTC-0,85%

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