Hello friends,

Welcome back to another market update from AppleTree360. In today’s post, we’ll break down what’s happening with Bitcoin as of May 8, and what may lie ahead. We’ve also posted the latest video breakdown on our YouTube Channel, so make sure to check that out as well.

Bitcoin: Target Reached, Time to Be Cautious

Bitcoin has been the standout performer recently. Over the past month, it has surged 35%, hitting our projected target above $100K based on prior breakout boxes we’ve been tracking.

If you’ve been following us and acting on those levels, congratulations – this was a textbook breakout and rally.

However, we are now entering a riskier zone between $105K and $107K, where previous buyers may start taking profits. This could lead to short-term consolidation or even a pullback before the next leg higher.

Key Bitcoin Zones:

• Resistance: $106K–$107K
• If we break above $108K with volume, next leg higher becomes likely
• Expect potential sideways movement

This is a good time to book some profits, stay cautious, and wait for fresh confirmation if you’re looking to add exposure.

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Final Thoughts

The market has had a strong run recently, especially crypto. However, we’re approaching levels where a short-term pause or consolidation would be healthy. For Bitcoin, risk management is crucial right now.

Stay tuned to our daily insights through:

• Our blog at AppleTree360
• Our YouTube channel for timely videos and chart walkthroughs

We’ll continue to share key price levels, breakout setups, and analysis so you can make informed decisions in your trading or investing journey.

Thanks for reading, and see you in the next update!

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