$BTC As of May 6, 2025, the Bitcoin price is showing a volatile consolidation trend, with market focus on the Federal Reserve's interest rate decision and the battle for key technical price levels. Below is a comprehensive analysis combining real-time data, macro environment, and market sentiment:

1. Real-time market and technical analysis

1. Price and volatility

The current price of Bitcoin is approximately $94,200 (24-hour trading volume of $30.16 billion), down 3.21% from the previous day, but up more than 25% from the low of $74,400 on April 7.

- Key resistance level: There is a dense long position area in the $95,700-$96,000 range, while the $96,500-$97,000 area is a short pressure zone. If it breaks through $96,000, it may open upward space, targeting $100,000.

- Support level: The short-term support level is $91,500-$92,000; if it breaks below, it may retest $88,000.

- Technical pattern: The weekly chart shows a W-shaped reversal prototype, with the March low of $76,600 and the April low of $74,400 forming a double bottom. If it breaks through the neckline at $90,000, the target price may reach $106,000.

5. Summary and strategy suggestions

- Short term (1-3 days): Bitcoin is fluctuating in the $93,000-$96,000 range, and volatility around the Federal Reserve's decision should be monitored. If it breaks through $96,000, a light position can be followed; if it falls below $91,500, further pullback should be monitored.

- Medium term (1-2 weeks): If the W-shaped reversal pattern is confirmed, the target price points to $106,000; if the market chooses to go down, it may test the $88,000 support.

- Long term: Decreasing exchange balances, increasing institutional holdings, and other fundamental factors support a long-term bullish outlook for Bitcoin, but caution is needed regarding regulatory policies and macroeconomic uncertainties.

Operational suggestions:

- Aggressive investors: Buy low and sell high in the $93,000-$96,000 range, with stop-loss referencing the upper and lower boundaries of the range.

- Conservative investors: Wait for clear direction after the Federal Reserve's decision, or enter after breaking through $96,000.

- Risk warning: High leverage contract trading carries extremely high risks, and recent liquidation events have occurred frequently, so it is recommended to control positions and set stop-losses.