$BTC
Recently broke through the descending wedge, standing above $95,000, showing strong rebound signals. From a technical perspective, the RSI is around 65, not yet overbought, and the MACD golden cross continues. In the short term, it may challenge the resistance level at $97,000, and after a breakthrough, one can look towards the $100,000 mark. Support is at $92,000-$93,000, and if it falls below, a retest of $89,000 may occur. On the macro front, the Federal Reserve's May interest rate meeting and ETF fund inflows are key catalysts, and one must be wary of global regulatory risks and fluctuations in the U.S. stock market.
In terms of strategy, short-term traders can sell high and buy low in the $94,000-$95,000 range, while medium to long-term investors can gradually build positions around $93,000, with a stop-loss set below $92,000.
What are your thoughts on BTC's future?
