$BTC The eve of the shocking change! Something big is coming! Will it surge upward or plunge into the abyss of a crash?
From the recent trend of BTC, the signals for an upward breakout are becoming increasingly strong. Previously, BTC surged from around 83k and successfully broke through the 94k mark. It had been consolidating in the 83k-86k range for a full 9 days.
In the 92700 - 95700 range, it has also consolidated for 8 days, and currently, there are no signs of large-scale selling in the market. Various indications suggest that BTC is likely to launch a fierce upward breakout in the coming days, starting a new round of rising momentum.
In this seemingly positive situation, I want to remind you that a storm that could trigger a significant market crash may be quietly brewing in May. The outcome of the interest rate meeting on May 8 could impact the crypto market profoundly. If the Federal Reserve chooses not to lower interest rates, or even raises them, it will undoubtedly bring a heavy blow to the market.
At that time, BTC could very likely face a cliff-like plunge within a day. The market's main players are usually well-informed and have keen instincts. If the May 8 interest rate outcome is indeed bearish, they are likely to receive the news in advance. The 51 holiday might become an excellent opportunity for them to sell off.
At that point, the market may experience a situation of consolidation and selling, so at this critical moment, it is essential to stay vigilant and not let your guard down.
I know there are definitely people in the market who doubt my bearish view, but I want to say that the market is ever-changing, and no one can precisely predict which day it will crash; we can only say to keep an eye out.
Personal opinion, the market has risks, and rational discussions for mutual improvement are welcome.
