Bitcoin Intraday Thesis – February 10, 2025

Market Context & Decision

Current BTC price: $97,336
Position: HOLD BUY (Entry: $95,414)
Target: $98,500 📈 | Stop-loss: $94,800

Key Insights
🔹 Bullish Sentiment – Financial data and historical trends suggest strong upward momentum.
🔹 Technical Indicators – Mixed signals, with BTC showing short-term overbought conditions, requiring caution.
🔹 Derivatives Data –

Funding Rate: -0.02% (Slight negative bias, but not strongly bearish).
Open Interest: 75,758 BTC (Healthy market activity).
Price Expectations & Strategy
📊 Scenario 1: Bullish Breakout (80% Confidence)

BTC pushes towards $98,500 if bullish sentiment continues.
Strong historical & financial backing supports the upward move.

📊 Scenario 2: Short-Term Correction

If BTC fails to break 98K, overbought conditions may trigger a pullback.
Support at $96K-$95K remains key for continued bullish structure.
Conclusion
HOLD BUY remains the optimal strategy.
BTC likely to test $98,500, but traders should monitor support levels in case of volatility.
Keep an eye on funding rates & open interest for further confirmation.

🚀 Will Bitcoin reach $98,500 or face a pullback? Let’s discuss! 👇