$USDC

BTC Market Update | May 7

As shared in the May 5 update:

Buy zone: $93,500–$94,000

Stop-loss: $92,750

TP1: $96,000

TP2: $97,500

Alhamdulillah, both targets were successfully hit.

BTC is currently trading around $96,800.

What’s Next?

All eyes on tonight’s FOMC meeting and interest rate decision (11:00 PM PKT). Jerome Powell's tone and policy stance will be key.

If the Fed holds rates or signals delay:

Market may turn bearish.

Watch downside levels: CME gap at $92,000, FVG zone $90,000–$89,000.

Caution: If 1H swing high ($97,900) isn’t broken, book full profits between $97,000–$97,500.

If we get a rate cut or dovish tone:

BTC likely to continue bullish structure.

Expect a pullback before next leg up.

Short-term target: $101,400

Mid-term target (falling wedge breakout): $110,000

Stay alert, stay smart. Monitor price action closely.

Not financial advice. Always DYOR.