According to Bitcoin's data, today's turnover rate continues to decline. Even though BTC's strategic reserves have passed, it has not temporarily triggered significant trading volume. So far, the trading volume is even lower than the same period yesterday, which indicates that the current price has a trend of 'being unable to buy.' It cannot be ruled out that investors are choosing to hedge before the Federal Reserve's interest rate meeting.

Therefore, it is more important to wait for tomorrow's Federal Reserve interest rate meeting and Powell's speech. There is no possibility of interest rate adjustment in May, so we will see whether Powell speaks dovishly or hawkishly.

The support data remains very solid between $93,000 and $98,000. This data has been tested for too long and has never been missed. The magnetic effect of the densely concentrated chip area is very effective, but currently, this support zone also acts as a resistance level. To seek an upward breakthrough, stronger positive effects are still needed.