#BTC Today Analysis & Prediction May 1'2024

From yesterday trading data you can see there is lots of big selling orders has been made that even Hongkong ETF retailers that made small buying orders cannot filling in the gap made by big and medium selling orders

There is also news which tell yesterday big selling orders mostly made by miners that looking for cash for consolidating their mining costs while USD showing domination against other currencies and because of this big players also selling their stocks to move their money to stock market to get profits from it

In my opinion the interest cut by The FED will likely happened that will take USD value down because if not and USD keep going higher it will also dangering America (US) where they will get higher import than export since many country will hold their import actions and waiting for USD value to be stabilized

Also if you check BTC and USD chart when BTC got ATH at March 2024, USD had lower value with other country currency if compared with recent value

For now I think BTC will still moving around between $59k area to $60k area while waiting for The FED chairman speech tomorrow as you can see USD value still moving up and down which mean stock market also waiting for it too

So when tommorow Powell speech officially stating interest cut will happen, there will be big money leaving stock market to crypto market

As for #BOME and #FLOKI this time seem can hold better compared with #PEPE

As always DYOR

God bless