$BTC

Since the 4th, the market has been in a volatile downtrend. It is estimated that the main force will consolidate in the next couple of days. At the same time, everyone should keep an eye on the Federal Reserve meeting on May 8th; anything the Americans casually say could lead to a rise followed by a drop in the market. This kind of scenario has been quite common during holidays.

This brings up the question: where is the peak of this bullish trend? Let's take a serious look at the market. According to Ni Ni's analysis and judgment, it might only reach around 105k at most. Don't believe those who shout for higher; at least from the market perspective, there is no sign of that. Don’t be confused by the internet hype.

From a technical indicator perspective, after several days of rising, the market has entered a long period of consolidation. Currently, it is back in this consolidation range, and it is advisable to pay attention to the important support range of 92000 to 93000 during the day.

If the price can break through the first resistance at 94300 and form an N-shaped upward pattern that breaks the downward trend line, it may signal a rebound. Only by breaking the downward trend line will the probability of a trend reversal increase. #比特币战略储备 #加密市场回调