Bitcoin finally broke out of the range it had been consolidating in for the last 5 days. After the breakout, BTC got rejected from the 97,680 resistance and is now moving downward.
Currently, we have a strong support zone at 96,769.
If BTC slows down here and holds this level, it could act as a successful retest of the range breakout, and we may see a bounce-back continuing the bullish trend toward 100K.
However, if this support breaks, $BTC might fall back into the previous range. Then, the weekend becomes very critical, especially with the FOMC meeting on May 7th.
• If rate cuts are announced, expect a sharp recovery.
• If delayed again, BTC could revisit 92K–88K, or even lower.
Stay patient, follow risk management, and be prepared for big moves ahead!
