#MarketPullback Let's analyze the market situation:
On May 1, Bitcoin broke $95,500 and reached $97,424. The technical picture indicated potential growth to $100,000.
On May 2, the price reached $97,895, but by the end of the week, the growth slowed down.
On May 3, the BTC/USDT pair pulled back to $96,000.
On May 4, Bitcoin (BTC) is trading around the $95,000 mark.
On May 5, Bitcoin is holding around $94,500.
So, the technical picture remains on the buyers' side, $BTC waiting for a possible rise to the psychological level of $100,000. Key support levels are $95,500 and $93,550, with a break of the latter potentially triggering a drop to $91,300.
To continue the growth, the market lacks new drivers, so the possible dynamics will largely be determined by macroeconomic data and monetary authorities' decisions in the coming days.