$BTC
May 8th not lowering interest rates is not scary
What is scary is if Powell doesn't even draw a pie chart anymore
Real necessary conditions for lowering interest rates:
1. Prices stop rising, inflation calms down, only then can the Federal Reserve dare to lower interest rates
2. The economy is so bad that it’s on the verge of collapse, only then will the Federal Reserve lower interest rates to save the situation
So it's almost certain there won't be an interest rate cut in May
Tariff policies could intervene at any time. Unless inflation completely cools off, or the economy deteriorates badly, a rate cut is just a daydream
Trump is constantly posting in bold on social media: "No inflation, Federal Reserve, hurry up and cut interest rates!!" After all, cutting rates can stimulate the economy and boost the stock market, which are all part of his performance KPIs.
On the 7th, Ethereum will undergo a major upgrade, but currently, market sentiment is low. Based on past upgrades, every rise has been followed by a drop; the last upgrade saw a halving from 4000!
However, it cannot be ruled out that this time there might be a rise before a drop
Bitcoin's direction has recently been very clear, which is bearish
Upper resistance: 95600/96250/96800/97300
Lower support: 93500/92800/91600/9060
Pay close attention to around 91600; if it fails to hold, it will directly drop towards around 89500 and may even reach around 86800
For Ethereum today, focus on around 1810! If it doesn't manage to hold within the hour, it's definitely a “false rebound,” continue to look for bearish trends
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