The Fed interest rate decision is approaching on May 7. Historically, prices tend to drop before the announcement due to market uncertainty.
However, looking at the heatmap from Coinglass, we can see large liquidation zones just above current price levels (especially around $96,000 – $97,600). Price may attempt to sweep those areas before reversing downward.
After the decision itself, I expect a bullish move, potentially towards the $98,000–99,000 region, especially if the Fed signals dovish or neutral tone.
Watch for price reaction in that zone – it could become a strong resistance or a breakout trigger.
My take: Be cautious with premature shorts. This is the kind of setup where the market fakes one direction to hunt liquidity, then reverses hard.
