BTC Crypto Futures Trade Plan 2025-05-05

Join our Discord channel for live trading signals and discussions:

Trading Rules:

The provided strategy will adhere to the specified trading rules, focusing on crypto futures trading with leverage, directionality based on market insights, appropriate position sizing, and stringent risk management.

Required Analysis Steps:

Technical Analysis Synthesis:

Price Position: The current price of $94,688.50 is above the SMA (20) of $91,822.92, indicating a bullish trend in the short term. It's also above the SMA (50) of $86,889.51 and SMA (200) of $90,405.39, suggesting a bullish medium and long-term trend. RSI Readings: With an RSI (14) of 61.34, the market is slightly above the neutral zone but not yet in overbought territory, indicating potential for further upside. Bollinger Bands: The price is between the upper ($100,728.69) and middle ($91,822.92) bands, suggesting room for movement within the band before reaching overbought conditions. Support/Resistance Levels: Recent support levels can be seen around $91,822.92 (SMA 20) and $86,889.51 (SMA 50), with resistance potentially at the upper Bollinger Band ($100,728.69). Market Sentiment Integration: