On April 30, according to Cointelegraph, TradingView data showed that Bitcoin maintained a narrow range of fluctuations a few hours before the monthly close and the release of important US macro data. Markets focused on first-quarter GDP data and the March personal consumption expenditure price index (PCE)-the latter considered the Fed's favorite inflation indicator. Trading information platform Kobeissi Letter pointed out that the market consensus predicts negative GDP growth: all signs point to this being the first quarterly GDP contraction in the United States since the second quarter of 2022." Although risky assets may face sharp fluctuations, Bitcoin traders remain confident that prices will resume rising. Well-known trader ColdBlooded Shiller said: The next 24 hours will be the decision-making moment for BTC and the S & P 500 Index. Bitcoin has a chance to break through resistance and reach a new high. I tend to be bullish on a breakthrough. Cryptocurrency analyst Michaëlvande Poppe shares the same view: Bitcoin is consolidating perfectly, building momentum for the next wave of gains. Another trader, Jelle, noticed that the liquidity of sell orders above the current price is mainly concentrated around $96,000 and may become a target for long attacks. Compared with its weak first-quarter performance, Bitcoin has risen 15% so far in April and is expected to record its best April gain since 2020. Analyst RektCapital pointed out: Bitcoin is about to close monthly in the US$93,300 -96,500 range, which will consolidate current support. Even if there may be a downfall in May (similar to the long downshadow line in December 2024 or January 2025).