During the Labor Day period, Bitcoin's performance was relatively weak, but the technical indicators are nearing their support limits. Coupled with the continuous inflow of institutional ETFs and signs of some derivatives shorts taking profits, a stronger rebound window may emerge in mid to late May.
If it stabilizes above the 95,000 mark this week, BTC is expected to restart its upward target to 98,500 and even challenge the year's high of 102,000. Conversely, if it breaks below the MA200 and falls below 92,800, it will enter a phase of adjustment, targeting the 89,000 area. Investors are advised to closely monitor Federal Reserve policies and ETF trends, and to manage leverage and positions reasonably in response to the current high volatility market.
