Bitcoin Holds Key Support, $100,000 Comeback Imminent

Bitcoin prices have remained steady above the $90,000 level since April 22, and despite market uncertainties, it has consistently defended the support around $92,945. The exponential moving averages still reflect a bullish structure, with the short-term average above the long-term average.

The market is preparing for volatility ahead of the upcoming Federal Reserve meeting,

"If the Federal Reserve surprises with some dovish tone and provides guidance for a rate cut in June, Bitcoin is expected to rebound all the way to the $100,000 mark, which remains a liquidity magnet. But even if Powell adopts a hawkish tone, the impact on BTC may be minimal. The current momentum is too strong - spot BTC ETFs are absorbing assets in large quantities, companies are building BTC treasuries, and the correlation between Bitcoin and the stock market is breaking down. Additionally, historical data shows that BTC has experienced price increases in 9 out of the last 12 Mays. Therefore, despite the possibility of greater volatility, the near-term outlook is positive. #美联储FOMC会议