$BTC

Bitcoin (BTC) Short-Term Strategy

Current Technical Form

Price Range: Bitcoin is currently reported at approximately $96,500, within the key fluctuation range of $94,000-$97,000. The technical analysis shows that the RSI index has risen to 57 (neutral to strong), the MACD momentum bar has shortened but has not yet formed a death cross, with short-term support at $94,000 and resistance above at $97,000.

Breakout Signal: If the price effectively breaks through $97,000 with a trading volume increase of over 20%, one can go long, targeting $98,500 and the psychological level of $100,000, with a stop-loss set below $95,000.

Retracement Opportunity: If the price pulls back to the support range of $94,000-$95,000 and shows a bullish engulfing or long lower shadow pattern, one can gradually build long positions, targeting a rebound to the $97,000-$98,000 area, with a stop-loss set below $92,500.

Risk Control Before Federal Reserve Decision: On May 8th, Beijing time, the Federal Reserve will announce its interest rate decision. Although the probability of keeping the interest rate unchanged is over 97%, caution is needed regarding volatility triggered by hawkish remarks from Powell. It is recommended to reduce positions by 10-20% in advance to lower risk exposure.