BTC/USDT Quick Update – May 4

Bitcoin to $102K? Bullish Momentum Still in Play (4H Chart)

Bitcoin is holding strong within an upward channel, showing clear bullish structure with higher highs and higher lows. After breaking out of a long consolidation phase, it’s now finding support around $94.5K and riding along the midline of the ascending trend.

Momentum looks solid, with price above key EMAs and holding structure.

Next major resistance: Sitting at $102,000, which lines up with the top of the channel and a previous supply zone.

Indicators:

• RSI is slightly cooling off, suggesting potential short-term consolidation.
  
• ADX still supports a strong trend.
  
• Volume’s dipped a bit, so we may need fresh buying pressure for the next leg up.
  

If BTC can hold above $94.5K, the bullish structure remains intact. A push to $102K looks likely in the short to mid-term.