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Key points:<\/strong><\/p>\n Bitcoin attacks liquidity clustered close to spot price into the weekly close.<\/p>\n<\/li>\n Market commentators eye significant BTC price levels below $95,000. <\/p>\n<\/li>\n The Fed\u2019s upcoming interest rate decision is the key macro event to watch next week.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) fell toward $95,000 into the May 4 weekly close as traders braced for more macro-induced downside.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD retreating from multimonth highs toward the May open.<\/p>\n Hitting liquidity clustered around spot price, Bitcoin created a recipe for volatility as market participants discussed key levels.<\/p>\n \u201cDense longs cluster 95.7k-96k, heavy shorts 96.5k-97k right around current price (~96.2k),\u201d popular trader TheKingfisher wrote in part of ongoing analysis<\/a> on X.\u00a0<\/p>\n \u201cThese are price magnets. Expect chop\/volatility as they get tested.\u201d<\/p><\/blockquote>\n The latest data from monitoring resource CoinGlass<\/a> showed price colliding with buy liquidity, with the majority of asks clustered around $97,200.<\/p>\n With the past week seeing multiple liquidity \u201cgrabs,\u201d<\/a> some saw the potential for that behavior to continue as the key $100,000 mark edged closer.<\/p>\n $BTC<\/a><\/p>\n Gap and tap before liquidity grab at $100k is what I\u2019m looking for here https:\/\/t.co\/akVEzc3Aaj<\/a> pic.twitter.com\/igCptK8VIp<\/a><\/p>\n \u2014 NiF\u03c4y (@niftyinvest) May 4, 2025<\/a><\/p><\/blockquote>\n \u201cPositions from $94K\u2013$97K flushed at weekend,\u201d popular trader BitBull summarized<\/a>.<\/p>\n Assessing the potential for a fresh dip, crypto trader, analyst and entrepreneur Micha\u00ebl van de Poppe said that BTC\/USD had plenty of room to retest support while still maintaining its recent comeback.<\/p>\n \u201cWhat I’d prefer to see on $BTC is that we’re holding above $91.5-92K,\u201d he told<\/a> X followers on the day.<\/p>\n \u201cThat validates for me the continuation towards a new ATH as the previous range support becomes support again.\u201d<\/p><\/blockquote>\n Expectations of volatility were high heading into the new week, with the US Federal Reserve due to decide on interest rates.<\/p>\n Related: <\/strong><\/em>Bitcoin hodler unrealized profits near 350% as $100K risks sell-off<\/strong><\/em><\/a><\/p>\n As Cointelegraph reported<\/a>, the stakes for market sentiment are high before the event. Recession warnings and pressure from President Donald Trump combine with hawkish signals from Fed officials.<\/p>\n NOTE: In less than a month, Trump has pressured Powell and the Fed to lower interest rates three times already… pic.twitter.com\/qaQc7zJnuw<\/a><\/p>\n \u2014 Andr\u00e9 Dragosch, PhD\u26a1 (@Andre_Dragosch) May 2, 2025<\/a><\/p><\/blockquote>\n The latest data from CME Group\u2019s FedWatch Tool<\/a> nonetheless maintains minimal odds of a rate cut on May 7.<\/p>\n\n
BTC price liquidations mount after 10-week highs<\/h2>\n
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Bitcoin downside expected into Fed rate cut decision<\/h2>\n
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