According to Material Indicators (@MI_Algos), Bitcoin price action has conformed to expected liquidity-driven patterns this week, with traders closely monitoring order book depth and liquidity clusters ahead of Federal Reserve Chair Powell’s FOMC news conference. The source highlights that BTC liquidity is currently positioned around key resistance and support levels, indicating potential for sharp volatility during and after Powell’s remarks (source: @MI_Algos on X, May 7, 2025). Traders are advised to track real-time shifts in liquidity, as Powell’s statements on monetary policy could trigger significant moves in Bitcoin and broader crypto markets.