BTC price change is imminent
There is a high probability of a breakout upwards
However, the belief in a major drop in May remains unchanged
BTC broke out from around 83,000 to the position of 94,000, after consolidating for 9 days around 83,000-86,000. Now BTC has been consolidating for 8 days in the range of 92,700-95,700, and there is currently no obvious selling pressure. It is highly likely that it will still break out upwards, and it is estimated that it will happen in the next few days.
However, my belief in a major drop has not changed, which is in May, because there is a very important date in May that everyone must be cautious about, which is the interest rate decision on May 8. If there is no rate cut or an interest rate hike, then it is very likely to lead to a significant drop in one day, and the depth of the drop could be unpredictable. Of course, the main forces generally have news in advance. If the news is negative on May 8, the main forces will likely sell off in advance during the May 1 holiday, and there should be an opportunity for a consolidation sell-off at that time, so everyone should be careful.
To those who question my belief in a major drop every day, May is just around the corner, so please be patient. It won't be too late to criticize me then. Some people also say that I called for a major drop too early. I'm not a fortune teller who can predict exactly when the major drop will happen!
There is a high probability of a breakout upwards
However, the belief in a major drop in May remains unchanged
BTC broke out from around 83,000 to the position of 94,000, after consolidating for 9 days around 83,000-86,000. Now BTC has been consolidating for 8 days in the range of 92,700-95,700, and there is currently no obvious selling pressure. It is highly likely that it will still break out upwards, and it is estimated that it will happen in the next few days.
However, my belief in a major drop has not changed, which is in May, because there is a very important date in May that everyone must be cautious about, which is the interest rate decision on May 8. If there is no rate cut or an interest rate hike, then it is very likely to lead to a significant drop in one day, and the depth of the drop could be unpredictable. Of course, the main forces generally have news in advance. If the news is negative on May 8, the main forces will likely sell off in advance during the May 1 holiday, and there should be an opportunity for a consolidation sell-off at that time, so everyone should be careful.
To those who question my belief in a major drop every day, May is just around the corner, so please be patient. It won't be too late to criticize me then. Some people also say that I called for a major drop too early. I'm not a fortune teller who can predict exactly when the major drop will happen!
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BTC
94,294.39
-0.21%