Golden opportunity before the storm? Fed releases + huge capital inflow, Bitcoin trend shows a turning point!

On May 6, Crypto news, according to the Crypto King’s official account, this week the market focuses on the Fed meeting on May 7. As the signs of economic slowdown in the United States intensify, the expectation of interest rate cuts has heated up again, which has injected upward momentum into Bitcoin. As a risk asset and "digital gold", BTC is once again regarded as a safe haven by institutions under the unstable international situation.

According to data, in just ten days, Bitcoin ETF attracted more than $4 billion, and institutional layout enthusiasm was high, demonstrating the confidence of the main funds in the crypto market. However, since Bitcoin hit a historical high of $109,500 in January, it has not been able to effectively stand firm at the $100,000 mark, and market sentiment is still on the sidelines.

Technically, BTC broke through $97,000 last Friday and then fell back quickly, currently fluctuating around $94,000. The reduction in trading volume, the bearish divergence of RSI, and the expansion of MACD red bars all released short-term callback signals. If it falls below the support range of $88,000, the risk of further decline cannot be ruled out, otherwise it is expected to start a new round of rise.