Bitcoin Market Trend Analysis 20250506 - Day 597

Yesterday, it fell back to the 12-hour MA30 line and showed a rebound at the hourly level. The rise encountered the 1-hour EMA52 line and started to decline again.

The next support level remains the 8-hour EMA52 line (92840), and there will be a wave of 8-hour level rebound when it reaches this point.

The daily line is a small bullish candle, and the trading volume is slightly larger than the two days over the weekend, but still within the normal trading volume range.

The daily MACD is not far above the zero line with a dead cross between the fast and slow lines, so the daily level still needs to continue adjusting. A downward move would just bring it back to the 8-hour to 12-hour support level, making it better for a rebound.

Today is Tuesday, and at 2 AM Beijing time on Thursday, the Federal Reserve will announce the new interest rate decision. The market is currently awaiting this news.

The weekly level rebound has been confirmed, and the daily level decline is just a normal pullback, providing you with an opportunity to enter the market.

Daily level resistance levels are 96860-99700-102044, and support levels are 92840-91550-89000.