Analysis of Bitcoin market on May 8th early morning.

At 2 AM, the Federal Reserve announced its interest rate decision, expected to keep rates unchanged. At 2:30 AM, Powell will hold a monetary policy press conference. Due to the impact of tariffs, Powell faces unprecedented pressure to cut rates. If Powell hints at a rate cut in June, Bitcoin is expected to surge to 100,000; if he leans hawkish, it may drop to 92,000. Based on previous speaking styles, Powell is unlikely to provide clear directional guidance. There will be significant volatility before and after data releases, so be cautious with risk management. From the current four-hour perspective, the K-line is tightly adhering to the upper Bollinger band, showing a strong bullish pattern. The technical indicator, the 4-hour MACD, shows weakening momentum with a risk of reversal. The long-term trend of EMA remains bullish, and attention should be paid to the upper resistance level of 98,300 and the lower support level of 96,000. The strategy remains unchanged; continue to buy on support pullbacks and be cautious in chasing shorts for now.

Bitcoin; Buy near 96,000-96,500, target 97,500-99,000

Ethereum; Buy near 1,750, target 1,850