BTC update on 16.05.2025
Summary
BTC is right at a pivotal level—a break above the upper resistance box would confirm the start of Wave 5. However, without a breakout, a short-term correction remains likely.
Mid-term structure is bullish, but closely tied to the next short-term move.
Long-term remains intact, following the projected bullish path.
The liquidation map supports upward continuation, with $98K as a key threshold—staying above it is essential for bulls.
Short-Term (1h)
BTC is currently approaching a key zone that must be broken to confirm further upside. Structurally, it still leans toward a correction for now. Only if BTC tests and sustainably breaks above the upper box, we can expect Wave 5 to fully unfold. Until then, caution is warranted—this is a crucial decision point.
Mid-Term (1d)
The chart looks very constructive. The upper resistance box is clearly visible, showing why this zone is so critical. Everything now depends on the short-term scenario, and a minor correction is still expected before continuation.
Potential buy zones are being evaluated and will be marked once we see confirmation of structure and volume behavior.
Long-Term (1w)
No change in the long-term outlook. The current move continues to follow the trajectory projected weeks ago, and BTC is still on its way to completing Wave 5 before any large-scale correction is expected.
Hyperliquid Liquidation Map
There’s a high concentration of long liquidations around $98K—a critical level BTC should not fall below. The low number of short positions suggests that buying pressure remains, or at least stays consistent in the mid-term. This supports a bullish bias, assuming BTC doesn’t break back below support.
