Before the Federal Reserve's interest rate decision announcement, Bitcoin may continue to rise due to the decline in the US dollar index.

According to Deep Tide TechFlow, on May 7, the Federal Reserve will announce its latest interest rate decision. Although the market expects rates to remain unchanged, Bitcoin may continue its upward trend. Reasons include the possibility of the US Treasury injecting liquidity to avoid an economic recession.

The US dollar index fell below 100, setting a new low since July 2023. Gold has risen over 12% in the past 30 days, approaching historical highs.