5.7 Bitcoin Evening Market Analysis

After hovering at a high price for an entire afternoon, it has absorbed enough and is waiting for tonight's Federal Reserve announcement. Although it is highly likely that there will be no interest rate cut, the trend of Bitcoin becoming a safe-haven asset will not change.

Technically, the hourly KDJ sensitive line is turning down, and the MACD bullish energy bars are shrinking, indicating short-term pullback pressure. Tonight, we will first look for a pullback before considering further entry.

Specific suggestions: For reference only.

Look for Bitcoin to pull back near 95000-94500, with a target of 97500-98000. If it breaks down, then look towards the 990-1000 level!

Pay attention to the key support at 93500 below; as long as it holds, the direction remains unchanged!