BTC: As of May 6, 2025, the current price of BTC is $94,100; the daily closing pattern yesterday was a 'spinning top', indicating a fierce battle between bulls and bears, with bulls temporarily in control, but the trading volume is average, suggesting that bullish momentum has weakened. The weekly level 'shooting star' pattern indicates a bearish outlook, and caution is advised regarding bearish signals.
On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 4,516 coins (approximately $425 million) yesterday, indicating that institutional funds still have confidence in the current price, and the Bitcoin supply in the $92,000-$97,000 range has increased, suggesting that the market recognizes this range as support.
On the macro level, this week the market focus is on the Federal Reserve's interest rate meeting early Thursday morning. Before the meeting results are announced, market sentiment will remain cautious, and high volatility may continue.
Overall, Bitcoin may continue a short-term downward trend, with a recommendation to watch the $92,200 support level; if it breaks below, it may further test down to $88,000. It is essential to closely monitor changes in trading volume and the progress of macro events.