Bitcoin begins May with a focus on its yearly open support, following some price dips recently. The week is dominated by the US Federal Reserve's interest rate decision, with Chair Jerome Powell expected to influence market movements. Jobless claims and earnings reports from Coinbase may also create volatility amid increasing recession concerns. Bitcoin dominance has surged to 65%, its highest point in over four years, sparking predictions that it may soon decline. Market analysts highlight a bullish sentiment towards Bitcoin, with expectations of price rebounds despite recent sell-offs. The upcoming FOMC meeting could signal further market directions, while worries about inflation and recession loom large. Additionally, expectations of a significant shift in altcoin dynamics are rising as Bitcoin's market share reaches these notable levels. The overall market sentiment has shifted from skepticism to more optimistic forecasts. Analysts warn that FOMO could affect prices in the immediate future, reflecting a changing market landscape after the recent turbulence.

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