📊BTC/USD Price Action Outlook – May 8, 2025
🔹Current Price: $94,594
🔹Timeframe: 1H

📌Key Demand Zones (Support):
🟢$97,322–$97,718 – Fresh breakout demand zone
🟢$95,789–$96,224 – Consolidation base (ideal bullish re-entry zone)
🟢$93,407 – HTF demand (last line of bullish defense)

📈Bullish Scenario:
Bitcoin continues its strong rally after breaking above $97.3K zone. If price holds above that range, we may see a push toward the psychological $100K level. Watch for bullish consolidation or flag continuation.

📉Bearish Scenario:
If price fails to hold above $97.3K and breaks below $96.2K, expect pullback toward $95K–$93.4K zones. Deeper structure shift only confirmed below $93K.

⚡Trade Setup Tip:
✅Wait for retest of $97,322 zone
✅Entry confirmation on 5M/15M BOS or bullish engulfing
✅Target $99.5K–$100K short term with tight SLs