Odaily News Bitcoin prices were near their monthly lows before the U.S. stock market opened on May 6, hovering near the $93,500 support level at the beginning of the year, indicating a lack of direction in the market. In contrast, gold prices performed strongly, rising 1.5% on the day and 4.4% this week. Trading firm QCP Capital pointed out that despite the weakening of the U.S. dollar and the strengthening of emerging market currencies (especially the New Taiwan dollar), the volatility of the crypto market remains low and the overall market lacks a clear direction. In terms of technical indicators, the MACD shows a short-term bearish signal, while the weekly chart may show a bullish crossover. Trader Keith Alan warned that if the current support level is lost, the price of Bitcoin may drop to $91,600 or even the $88,000 to $90,000 range. The market is currently focusing on the upcoming Federal Reserve interest rate decision on May 7 and the speech of Chairman Jerome Powell. (Cointelegraph)