83214490790BTC price changes soon

There is a high probability of a breakout upwards

However, the concept of a major decline in May remains unchanged

BTC broke out from around 83000 to the position of 94000, and has been consolidating in the range of 8300-86000 for 9 days. Now BTC has been consolidating in the range of 92700-95700 for 8 days, and currently there is no obvious selling pressure, so it is likely to break out upwards, estimated to happen in the next few days.

However, my view of a major decline has not changed, specifically in May, because there is a very important date in May that everyone must be cautious about, which is the interest rate decision on May 8th. If there is no rate cut or an interest rate hike, it is very likely to see a significant drop in one day, and the extent of the drop could be unpredictable. Of course, as the main force usually has news in advance, if May 8th turns out to be negative, the main force will likely sell off before the May 1st holiday, and there should be an opportunity for consolidation and selling at that time, so everyone should be cautious.