The Federal Reserve's interest rate decision at 2 AM on May 8, #加密市场回调 5 is undoubtedly the top priority in the cryptocurrency world right now! In my opinion, there are only two possible outcomes:

The first scenario is if the Federal Reserve does not lower interest rates in May. Many people in the market have already prepared for this. If they do not lower rates, Bitcoin is likely to undergo a correction, and the cryptocurrencies we hold might shrink in value.

The second scenario is if the Federal Reserve directly lowers interest rates in May. Then Bitcoin would rocket up like a rocket! Just thinking about that scenario is exhilarating.

Currently, institutions in the market are acting like they are crazy, frantically buying Bitcoin. I tell you, once the price of Bitcoin breaks the $100,000 mark, that $3 billion “southward funds” (the money flowing out of our country to speculate on cryptocurrencies) will probably be instantly absorbed by the market. To those speculators, this $3 billion is just a juicy piece of meat, and they are practically salivating over it.

Recently, the market trend has been particularly obvious. Bitcoin can set a new high every day, but just a few days later, that high becomes a low. The K-line appears to be slowly moving upward, but those shorting Bitcoin (the ones betting against Bitcoin to make money) are suffering, getting trapped deeper and deeper, and can’t escape. I figure those speculators definitely won't easily crash the market to let the shorts out; they are hoping the shorts get deeper and deeper so they can make a fortune!