Will this week's Federal Reserve meeting disrupt the market?
Next, the market's focus will shift to the Federal Reserve's interest rate meeting this Thursday. The market now generally expects no rate cut in May, but a possible cut in June, so it all depends on what Fed Chairman Powell says. Every word he says, even changes in tone, may be magnified and interpreted by the market. If Powell takes a tough stance and continues to echo hawkish signals of maintaining high interest rates, the market will plummet. If he softens his tone and hints at the possibility of future rate cuts, the market will soar. If he is ambiguous, the market may first surge and then plummet.
In short, given the current state of the market, it may face considerable difficulties in rising; even if it does rise, the space is very limited, as the highest price of the rebound has already reached 97900, and the pressure at the round number of 100000 leaves little room. On the contrary, I prefer a healthier washout. As for why there hasn't been speculation leading to a surge regarding the Ethereum upgrade on May 7th??? I don't know, could it be building momentum? For example, today's small V-shaped rebound seems somewhat strong.