Can BTC continue to rise? What are the resistance and support levels?

BTC is currently in a dilemma, with both bulls and bears fiercely battling around the $97,000 mark. From the data of the past 6 months, $97,500 and $98,900 are two major resistance levels, with 309,000 and 198,000 BTC held respectively. A breakthrough would depend on large capital and FOMO (fear of missing out) sentiment. If it breaks through $98,900, the resistance will be slightly lower, and the range of $101,100-$105,000 is relatively easier to breach.

On the downside, there are 364,000 BTC piled up between $93,700 and $94,700, which is a strong support level, and the average cost for short-term holders is around $93,500. If it falls below $93,500, it could trigger a wave of selling, with the next strong support at $83,000.

Currently, market volatility mainly depends on the flow of funds and sentiment. The Federal Reserve's interest rate meeting and Powell's speech early Thursday morning are crucial. A rate cut in May seems unlikely, but whether Powell's remarks are dovish or hawkish will directly impact market trends. #交易故事 #比特币预测 #美国众议院市场结构讨论草案