1. According to market expectations and the Federal Reserve's statement, the Fed decided to maintain the federal funds rate unchanged at 4.25%–4.50% during this meeting. No new economic forecast dot plot was released (the next update will be in the June meeting), and the wording of the statement was similar to previous ones, continuing to emphasize points such as 'the labor market is robust and inflation is slightly above target.' The FOMC's decision to hold steady confirmed the strong performance of previous employment data while showing that the Fed remains cautious under the shadow of tariff uncertainty.
2. In the press conference, Powell's tone was generally seen as dovish. Market analysts pointed out that if Powell emphasizes economic downside risks (rather than inflation pressures), it would further strengthen expectations for interest rate cuts. He previously stated, 'All options for action are on the table,' leading the market to speculate that the Fed may seek to cut rates in the future. Crypto market observers believe that if this speech leans dovish, Bitcoin prices will be boosted; if it leans hawkish, it may come under pressure.
3. Historical data shows that Bitcoin's momentum often slows before FOMC meetings, with significant price volatility increasing after the meetings. Analysts believe: if Powell's speech is dovish, Bitcoin may break through short-term resistance and challenge the $100,000 level; conversely, if it is hawkish, Bitcoin may short-term retreat to around $91,000. Overall, after the announcement of this meeting, Bitcoin may experience significant fluctuations and higher volatility.
