Double blow from the Federal Reserve and the crypto market! Powell's 'cold water' expectations and the Ethereum upgrade fall flat! 🔥

At the Federal Reserve's meeting on May 8, the market is worried not only about 'no interest rate cuts' but also that Powell is giving no signals of easing at all! Historically, there are two conditions for interest rate cuts: price control and the risk of economic recession. Given the current situation, interest rate cuts are almost impossible, especially with Trump's 'rate cut urging', which aims to stimulate the economy and the stock market, but the results may be far from reach.

In the crypto market, the Ethereum upgrade on May 7 did not create much of a stir. Every Ethereum upgrade has been accompanied by 'death upon exposure', and there is a significant history of price plummeting! However, it is also possible for prices to rise initially and then retreat — it's wise to be cautious with short-term operations! As for Bitcoin, the bears dominate everything, and the downward trend is obvious in the short term, so operations should be careful!