The high-level trend of Bitcoin is such that it is either horizontal instead of falling or the main force is discharging at a high level!

Currently, it feels like the probability of discharging is greater, so in the new week, will Bitcoin: rise first and then fall OR fall directly?

1. If it rises first and then falls, especially if it touches the pressure range of $96,000-$98,000, then the subsequent decline might be very deep, even breaking below $80,000, because the possibility of luring in and discharging increases significantly.

2. If it falls directly, it might be milder, holding the $82,000-$84,000 range, which could be an opportunity to build positions in batches.

On May 7, the Federal Reserve will hold a meeting, and it is highly likely to remain unchanged. If there are no other issues before that, the market will mainly fluctuate. If more hawkish news is released, it may break the range.

The second chart summarizes the major events in the crypto circle in May. Recently worth mentioning: on May 3, Buffett's Berkshire Hathaway annual meeting;

Buffett's grasp of the overall macro situation has been proven by history. Previously, he said that before the annual meeting, he would not discuss market, economic, and tariff issues with anyone; so we will wait for the 3rd meeting to see what he says;

In May, led by the Federal Reserve, a global central bank storm is starting a major change. Now there is a high expectation of interest rate cuts in the June Federal Reserve meeting. Will May see a final washout and a big drop to bring out more chips? Let's wait and see.