#TradeStoreis
Bitcoin is back to 100,000, starting to challenge previous highs, while Ethereum is less than one-third of the previous high. In the short term, I remain bullish and hope it can return to 3000.
The expectation for a rate cut by the Federal Reserve in June is rising (probability 78%). Liquidity easing may support risk assets, but we need to be cautious of the volatility caused by the US CPI data, which will be announced on May 15, exceeding expectations.
If the ETH/BTC exchange rate falls below 0.019, it may trigger a short-term pullback.
There is historical selling pressure in the $2500-$2800 range, and a sustained increase in volume is needed to break through.
An RSI overbought condition may trigger short-term profit-taking. If it falls below the $2150 support level, it may enter a consolidation adjustment.
