BTCUSD: BUY 97200, SL 96000, TP 100000 | 05 May 2025

The situation for Bitcoin is developing according to the outlined plan. The price has finally broken out of the prolonged correction, managing to update the local high. The observed growth is presumably the fifth wave of the developing impulse, and currently, it retains the potential for further upward movement. However, it's important to keep in mind that a reversal and corrective pullback are likely to start soon. Part of the open long positions should be closed to lock in profits, while the remainder can be kept for one final impulse surge. Opening new trades at this stage might not be the best idea, although placing buy stop orders above yesterday's local high could be considered. Investment idea: BUY 97200, SL 96000, TP 100000.