BTC Crypto Futures Trade Plan 2025-05-02

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Trading Rules:

The provided strategy involves trading crypto futures with leverage, typically between 50-150x. The directionality of the trade is determined by the majority of market insights suggesting a trend direction. Position sizing is based on account equity and risk tolerance, and risk management always includes stop-loss and take-profit levels.

Required Analysis Steps:

Technical Analysis Synthesis:

Price Position Relative to Moving Averages: The current price of $96,770.00 is above the SMA (20) of $90,, SMA (50) of $86,211.62, and SMA (200) of $89,991.97. This indicates a bullish trend. RSI Readings: The RSI (14) is at 69.96, which is close to overbought conditions but still below the 70 threshold. Bollinger Band Position and Width: The price is near the upper Bollinger Band at $100,, suggesting potential overbought conditions. Key Support/Resistance Levels: The recent high and low suggest support around $90,000 and resistance around $100,000. Market Sentiment Integration: