The price of Bitcoin at such a high level is either moving sideways instead of declining or the main force is distributing at a high level!

Currently, the probability of distribution feels greater, so in the new week, Bitcoin will: rise first and then fall, or fall directly?

1. If it rises first and then falls, especially if it touches the resistance zone of $96,000-$98,000, then the subsequent decline could be very deep, possibly even falling below $80,000 again, because the possibility of enticing more buyers and then distributing increases significantly.

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

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

Recently worth mentioning: On May 3, Warren 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 let's wait for the 3rd and see what he has to say;

In May, led by the Federal Reserve, a global central bank storm is beginning, with a high expectation of interest rate cuts at the June Federal Reserve meeting. Will May be the last major drop to wash out more chips?

Let's wait and see!