Hao Ge's Urgent News! Two Major Announcements, Tonight Won't Be Peaceful.
Key Point 1: This morning, there was a huge positive development regarding tariffs; China is willing to start talks with the U.S., leading to a 5% surge in the cryptocurrency market and U.S. stock futures. Plans can't keep up with changes; a sudden positive turn. However, as we mentioned yesterday, ETH was expected to have a small rebound around 1750, and the level was accurate. It did rebound, but because of the favorable news, it rebounded quite a bit. For those holding spot or long positions that haven't exited, it might be wise to take some profits.
Key Point 2: The Federal Reserve is having a meeting tonight, with results to be announced at 2 PM and Powell starting to speak at 2:30 PM. The result in May is a 100% guarantee of no rate cut, with the main focus of the meeting being Powell's outlook for June at 2:30 PM: Will there be a rate cut in June? Powell's words represent the uncertainty of the market.
Currently, according to interest rate market data, Powell indicates a 70% probability of no rate cut in June and a 30% probability of a rate cut, suggesting a higher chance of negative news, but it's not 100%. I believe we can take advantage of the current good high points to exit for risk avoidance and observe the situation; for those wanting to take a gamble, it's possible to short with low leverage, as the risk-reward ratio is still good.
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