BTC Price Analysis for May 6

BTC current trend and price range

Figure 1 shows the daily trend chart of BTC/USDT. From the picture, it is clear that after the price resistance zone indicated by the white horizontal pressure zone was touched in May 2025, the price immediately experienced a significant pullback. It is worth noting that during February 2025, the price also experienced a period of consolidation near this range. In the future, attention should be paid to the trading volume and whether the price trend makes a breakthrough or falls below the consolidation range.

(Figure 1, Source: TradingView 2025.5.6)

BTC Focus on and target price

The second figure shows the 4-hour level trend chart of BTC/USDT. The white zone in the chart can be seen as a key resistance area, while the yellow ascending trend line is an important support on the short term, and the green horizontal line forms the lower support of the current consolidation range. In the future, if the price falls below the yellow trend line, it is important to pay attention to the support level around 92,700. If this support is breached, the price may further test near 91,000; on the contrary, if the price can break through the resistance zone around 96,000, focus can be placed on the target range of 98,000 - 100,000.

(Figure 2, Source: TradingView 2025.5.6)

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Summary

The BTC in front of the eyes is in a key pressure testing stage. If the price cannot effectively stand above the $96,000 range, there is still a possibility of retesting the support at $92,700 to $91,000 in the short term. Once the pressure zone is successfully broken through, the market momentum is expected to rise to the integer level of $98,000 to $100,000. Before the trend becomes clear, one should continue to observe the trading volume and price behavior and adopt a more cautious and flexible strategy in response.