Technical analysis by KeN-WeNzEl about Symbol BTC: Buy recommendation (5/8/2025)

Technical Analysis:Daily Chart•Trend: Strong uptrend with a recent bullish recovery from a pullback.•MACD: Bullish crossover, MACD line above Signal line, histogram positive.•RSI (14): 66.21 — momentum is strong but not overbought.15-Minute Chart•MACD: Positive histogram and crossover confirming short-term bullish momentum.•RSI (14): 53.89 — mid-range, confirming no immediate exhaustion.•Price Action: Higher lows and higher highs indicate short-term trend alignment with the Daily.3-Minute Chart•MACD: Bearish divergence, indicating a possible short-term pullback.•RSI (14): 43.43 — recent dip offering a better long entry on minor weakness.•Price: Currently consolidating near $97,000 after rejecting a local high.⸻Fundamental Context:•Macro: Institutional inflows into BTC ETFs and upcoming monetary easing expectations are long-term bullish drivers.•Market Sentiment: Risk-on behavior across equities is spilling into crypto.⸻Trade Setup (Long Position)•Entry: $96,800•Minor pullback support zone on M15/M3, aligns with moving average and volume node.•Stop Loss (SL): $95,400•Below recent swing low and structural support.•Take Profit (TP): $100,200•Near Daily resistance and psychological round number BTCUSDPRICE MISSED ENTRY BY $150, IT HAS SINCED MOVED TO A 1:1RRR AND MY SL TO BE ZONE. CLOSING LIMIT ORDER MANUALLY