BlockBeats News, May 7th, the Federal Reserve will announce the latest interest rate decision at 2 p.m. ET, with the market widely expecting it to maintain the rate at 4.25%-4.50%, with a probability as high as 97.2%. However, Powell's post-meeting remarks may become a key variable in determining Bitcoin's short-term trend.

If the Federal Reserve remains unchanged, Bitcoin may face short-term pullback pressure. The current market has partially priced in this expectation, with the technical aspect showing strong support around $95,000 for BTC. A slight divergence correction is needed on the 4-hour chart, but the daily chart remains above the MA7, maintaining a strong posture. If Powell signals a dovish stance (such as hinting at a rate cut in June), coupled with potential liquidity injection expectations from the U.S. Treasury, Bitcoin may break through the $97,000 resistance level and make a run towards $100,000. In an extreme scenario, if an unexpected rate cut occurs, short positions worth $3 billion may face liquidation, triggering an epic short squeeze.

Meanwhile, the Bitcoin options market has seen a surge in open positions for $300,000 call options, betting on a price breakout. On-chain data further supports the bullish thesis, with the MVRV indicator returning to a healthy range, active addresses and whale transaction volumes showing significant increases, indicating that large holders are continuing to accumulate.

BiyaPay, as the world's first multi-asset trading wallet, demonstrates unique value and has now connected 30 fiat currencies with 200 cryptocurrencies for instant exchange. Users can participate directly in the U.S. stock/Hong Kong stock markets through a USDT 1:1 exchange with USD, with zero fees for cryptocurrency, spot/contract makers.