Bitcoin Market Trend Analysis 20250508 - Day 599

This morning, the Federal Reserve's interest rate decision was as expected, with no rate cut. The market had already digested the impact of this news in advance, and after a brief hourly decline, Bitcoin's price rebounded again.

The daily line shows a small doji candlestick pattern with a bullish trend, and the trading volume is basically in line with the previous few days, within the normal trading volume range. The trend remains relatively strong, and as long as the upward momentum persists, the price will continue to push higher.

However, the pressure in the 99000-100000 range is significant. Without rate cut expectations and a large amount of capital accumulating to drive the price up, there is a high possibility of a false breakout here, leading to a daily level decline and pullback.

The weekly level of increase is basically confirmed, so any pullbacks at the daily level represent buying opportunities.

Daily level resistance levels are 99700-102044-110000, and support levels are 92840-91560-89960.