Technical analysis by FXFOREVER_87 about Symbol BTC on 5/7/2025

FXFOREVER_87

📊BTC/USD Market Outlook – May 7, 2025🔹Current Price: $96,579🔹Timeframe: 1H📌Key Demand Zones:🟢 $95,052–95,209 – Fresh breakout demand, acting as support🟢 $92,954–93,107 – Higher timeframe demand, strong bullish reaction area📈Bullish Scenario:Price broke structure with a strong impulsive move above $95.2K and is now forming a possible bullish flag. If price holds above the $95K zone, next upside targets could be $97.5K and $98.2K.📉Bearish Scenario:If price fails to hold above $95,052 and breaks below $95K, expect a deeper pullback toward $93.1K zone. Reactions from that level would define trend continuation or reversal.⚡Pro Tip:🔸 Watch for consolidation above $95K to catch breakout trades🔸 Confirm entry with bullish engulfing or BOS on LTF (5M/15M)#BTCUSD #BitcoinAnalysis #SupplyAndDemand #BreakOfStructure #SmartMoneyConcepts #FXFOREVER #CryptoTrading #BitcoinLevels #ForexCrypto #BTCSetup