In the morning, BTC short positions increased and fell below the lower band of the 4-hour Bollinger Bands, upgrading to a 12-hour adjustment period. Support has moved down to around 93300; if it breaks below, it will turn short-term bearish, entering a daily chart adjustment (if The Federal Reserve (FED) adopts a hawkish stance, the adjustment will be upgraded; if dovish, it may stop falling and rebound).

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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
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