According to @CryptoKing4Ever, the Federal Reserve is expected to cut interest rates in 2 days and large traders anticipate elevated BTC volatility around the decision. The source highlights two trading paths: a drop toward roughly 104k followed by a rebound, or a deeper move toward about 92k where the source notes a gap, potentially preceding a push to a new high. The source cautions that the next day could be highly volatile, suggesting traders closely monitor the 104k support area and the 92k gap zone for potential liquidity-driven reversals.

According to Skew Δ (@52kskew), the ongoing US-China trade talks in Geneva this weekend are a major focus for traders, with the outcome likely to influence initial market sentiment. Bitcoin ($BTC), as the most liquid weekend market, is seeing significant hedging activity just below the $104,000 level. This activity indicates traders are actively managing risk ahead of the trade talks' outcome, with a clear price turning point identified in case the market moves against their positions. These developments underscore the impact of macroeconomic events on crypto trading strategies and highlight the importance of monitoring $BTC price action during high-impact global negotiations (source: Skew Δ on Twitter, May 10, 2025).