Brothers, the Federal Reserve's interest rate meeting is coming tonight at 2 o'clock!
Let’s get straight to the point—Powell's words are the remote control for the market! Right now, the market is betting that the probability of no interest rate cut has surged to 97%, and the data is basically clear, so when the official results come out, it’s very likely there won't be any big surprises.
But Powell's speech is the main event! Keep an eye on whether he will mention the possibility of rate cuts in June or July, and how he evaluates the upcoming economic data thresholds. If he dares to say "there might be rate cuts in June or July", the market will definitely drop first and then rally; if he plays coy and says something like "the economy is still unstable", then don’t expect any big moves in the short term, make sure your risk control is in place!
Back to the crypto market, despite the US stock market crashing last night, Bitcoin managed to rise against the trend by 3000 points, with an increase of over 3%, that was indeed impressive!
But don’t get overexcited, as mentioned before, if the daily line breaks 96000, don’t rush to chase the rise, wait for a pullback to enter. As a result, yesterday it directly pulled back to our first target of 93200 and rebounded, this level indeed has some significance. However, now on the four-hour chart, it has failed to hold above 98000 after two attempts, this level is under heavy pressure!
Personally, I tend to lean towards a downward fluctuation, and it might fall below 93200 again. Without any major news to stimulate it, do you think it can break 100000 in the short term? Not a chance! I suggest all you guys don’t make any moves before the meeting tonight, wait until the dust settles before doing anything!
