#比特币预测

Can it continue to rise? Where are the resistance and support levels?

BTC is currently in a dilemma, with both bulls and bears fiercely fighting around the $97,000 mark. From the data over the past six months, $97,500 and $98,900 are two major resistance levels, with 309,000 and 198,000 BTC held at these levels, respectively. Breaking through will rely on large funds and FOMO sentiment. If it breaks $98,900, the resistance will be slightly weaker, and the range of $101,100-$105,000 will be relatively easier to break through.

On the downside, there are 364,000 BTC stacked around $93,700-$94,700, which is a solid support level, and the average cost of short-term holders is also around $93,500. If it falls below $93,500, it may trigger a sell-off, with the next strong support at $83,000.

Currently, market volatility mainly depends on capital flow and sentiment. The Federal Reserve's interest rate meeting and Powell's speech on Thursday morning will be crucial. A rate cut in May seems unlikely, but whether Powell's speech is dovish or hawkish will directly affect market trends.