The Federal Reserve’s interest rate decision is imminent, and market watch-and-wait sentiment is at full throttle. Bitcoin is oscillating and pulling back from intraday highs, as the battle between bulls and bears grows increasingly tense. Tonight’s trading—will it continue to consolidate within a narrow range, or will it break through and trigger a trend change? Based on the current technical picture and capital flow developments, this one article explains the key logic behind the night’s price action!

First, let’s look at the technical side. The potential double top and structural pressure: on the 4-hour level, Bitcoin has rebounded and gone sideways around 785–795, forming a central pivot area for about a week. Institutional players are accumulating at lower levels to provide support. The strength of northbound capital continues to weaken, and the need for a pullback test is gradually building up. A potential double-top structure has already formed on the 4-hour chart: two attempts to push up to 794 and then pull back. If, going forward, the price cannot effectively hold above the 75700 level, it may first move toward the liquidity-accumulation area around 73700 for a retest.

Multiple pressures from the news backdrop interweave

From late April to early May, the market is going through a “super week.” The Federal Reserve, the European Central Bank, the Bank of England, and other major central banks—five in total—are scheduled to release interest rate decisions in dense succession, which is a rare time window in recent years. In addition, rising crude oil prices and heating inflation expectations make the rate-cut path more complicated, and overall risk appetite is broadly suppressed.

Night short-line trading suggestions: short directly in the 768–773 rebound area, targeting 75700; if it breaks through, look for 73700
$BTC #以太坊基金会解质押约4890万美元ETH