BTCUSD: SELL 93300, SL 94500, TP 89000 | 07 May 2025
07 May 2025, BTCUSD
Bitcoin remains under pressure. During the past trading day, the situation for buyers has not improved. It is likely that the ongoing negative environment is caused by a corrective phase that began after the completion of the previous upward impulse. If this is the case, further price declines are expected. However, before the downward movement resumes, buyers might attempt to push the price higher, but ultimately they will likely fail. Therefore, it is recommended to prepare for short positions once the current local low at 93300 is broken. Investment idea: SELL 93300, SL 94500, TP 89000.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
