Bitcoin is approaching a critical level close to $95,000 as market participants anticipate potential downside risks. The upcoming Federal Reserve interest rate decision is the key event to watch in the coming week. Data from Cointelegraph Markets Pro and TradingView indicates that BTC/USD is retreating from recent highs towards the May open. Bitcoin’s interaction with liquidity around the current spot price has created a volatile environment, with key price levels in focus. Traders are closely monitoring levels between $95,700 and $97,000 for potential price swings. The latest insights from CoinGlass suggest that buy liquidity is concentrated around $97,200, signaling a potential showdown around the $100,000 mark. With positions between $94,000 and $97,000 being liquidated over the weekend, market sentiment remains cautious. Analysts like Michaël van de Poppe see potential for Bitcoin to retest support levels around $91,500-$92,000 while maintaining an upward trend. As expectations of volatility grow ahead of the Federal Reserve’s rate decision, market sentiment is influenced by recession warnings, political pressure, and hawkish signals from officials. Despite minimal odds of a rate cut on May 7, traders are bracing for potential corrections in the crypto market in anticipation of the Fed meeting. It is essential for investors to conduct their own research and consider the risks involved in every trading decision.