“Elon Musk Buy Twitter” news work as fuel for Market. DOW Bounce near 600 point and Bitcoin back to $40000+ after announcement.

$42500 is major resistance for bitcoin and Market cant ignore FED FOMC meeting on May 4. Bears will like to play short near $42500. Daily closing above $42500 will create fresh momentum in market.

If BTC hold $37k support till May 4 than it will be very good for Bitcoin market.

BTC VS FED FOMC Meeting: FED FOMC meeting turn into one of the main trigger for Bitcoin . We can see in chart that BTC price slip before Fed Meeting, before going up again after. Same we saw from last 4 days. Twitter news has been pumping market but its good to eye on daily closing, But be ready for volatility , Market can give more opportunity before FED FOMC meeting