BTC/USDT Quick Update – May 5 (BTC/USDT – Multi-Timeframe Breakd

4H Chart – Short-Term Bearish
Price has clearly broken down from a rising wedge pattern with volume confirmation. RSI is trending downward (~36) and Parabolic SAR has flipped bearish. Expect potential continuation to the $91K–92K support zone. If momentum accelerates, gap-fill toward 88K remains in play.

1D Chart – Neutral to Weak Bullish
Daily structure still intact, but momentum is fading. Price is hovering near dynamic support (200 EMA / cloud base), but the lack of bullish volume suggests caution. RSI is flat (~60), and ADX shows weakening trend strength. A decisive breakdown could lead to retest of 88K–90K area.

1W Chart – Macro Bullish but at Resistance
Weekly chart remains structurally bullish, with higher highs/lows and price well above Ichimoku cloud. However, BTC is approaching a major resistance zone between 98K–$104K, where rejection has occurred previously. RSI (~58) shows mild cooling; bulls must step in soon for a clean breakout.



Final Take:
Short-term trend is clearly bearish, and mid-term momentum is weakening. However, long-term structure remains bullish as long as price holds above the 88K zone. Monitor volume closely at support levels—buyers must defend $91K to avoid deeper retracement.

Trade safe. Plan your entries wisely.
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