BTC Crypto Futures Trade Plan 2025-05-02
Join our Discord channel for live trading signals and discussions:
Trading Rules:
Given the provided market data and insights, we'll follow the structured steps to develop a comprehensive crypto futures trade plan for BTC.
Required Analysis Steps:
Technical Analysis Synthesis:
The current price of $97,299.00 is above its key moving averages (SMA 20: $90,209.18, SMA 50: $86,222.20, SMA 200: $89,994.61), indicating a bullish trend. The RSI (14) reading of 70.82 suggests that the market is overbought, which could indicate a potential pullback. The Bollinger Band position shows the price is nearing the upper band ($100,247.15), which might suggest an overbought condition. Key support levels include the SMA 50 and SMA 200, while resistance is at the upper Bollinger Band. Market Sentiment Integration: