BTCUSD | Neutral Bias | Watching Value Area Retest + Macro Confluence | (May 5, 2025)
1️⃣ Insight Summary
Bitcoin has been consolidating after sweeping liquidity around the $69K level. I’m currently not in a position, but closely monitoring for confirmation of direction as we approach key zones.
2️⃣ Trade Parameters
Bias: Neutral (waiting for confirmation)
Entry: Watching for a retest of the value area low
Stop Loss: Will be set once structure confirms
TP1/TP2: Will define after confirmation
Partial Exits: Based on price reaction at value area and confluence zones
3️⃣ Key Notes
Lots of spot selling pressure currently—if it continues, lower prices are likely
Still watching for potential bullish reversal structure for long-term upside (targeting $214K in long horizon)
Correlation with S&P 500 is important here—SPX may push higher in coming weeks, especially as “sell in May” often applies to retail, while institutional flow tends to shift in June
Watching the 7500 level on SPX as a possible reaction zone
No confirmation yet—entering early could be risky
Waiting for a clear market structure shift around value area support
4️⃣ Follow-up Note
I’ll continue monitoring this setup and will post updates once we get a confirmation of direction or a structural break worth acting on.
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Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.