BTC Crypto Futures Trade Plan 2025-05-07

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Technical Analysis Synthesis:

The current price of BTC ($96,983.30) is above its key moving averages (SMA 20: $93,061.38, SMA 50: $87,430.43, SMA 200: $90,690.13), indicating a bullish trend. The RSI (14) at 66.20 suggests the market is nearing overbought conditions but has not crossed into extreme overbought territory. The MACD is above its signal line, with a positive histogram, supporting the bullish momentum. Bollinger Bands show the price is near the middle band, suggesting potential for continuation or a pullback.

Market Sentiment Integration:

Recent news has had a minimal impact on price action, suggesting a stable market sentiment. On-chain metrics and funding rates (-0.0000%) indicate a neutral to slightly bullish sentiment. Open interest is not available, but the lack of significant changes in funding rates suggests that the market is not overly positioned in one direction.

Directional Determination: