Folks, tonight the market might be getting 'excited.' Two super heavyweight pieces of news are coming out, making the market situation quite confusing.
First, let’s talk about the big news. This morning, the tariff announcement directly brought super favorable news. China has taken a very nice stance, willing to enter a negotiation mode with the United States. As soon as this news came out, the cryptocurrency and U.S. stock futures markets shot up like a rocket, instantly surging by 5%. That rise was so beautiful that one couldn't take their eyes off it. Just the day before yesterday, I suggested everyone to buy ETH near 1756; that point was very accurate, and today ETH peaked around 18. However, this rebound was mainly stimulated by positive news, and the momentum was quite strong. If you are still holding spot or long positions, I personally suggest taking some profits. It's always good to secure gains.
Let me tell everyone about the second key piece of news. The Federal Reserve is having a big meeting tonight, with results announced at 2 PM and Powell speaking at 2:30 PM. This time in May, there will definitely be no interest rate cut. Everyone is focusing on Powell's outlook for June at 2:30 PM. Will there be an interest rate cut in June? Every word from Powell could be a 'catalyst' for the market, and the uncertainty is extremely high.
Based on the current interest rate market data, Powell indicates that the probability of no interest rate cut in June is 70%, and the probability of a cut is 30%. The bearish probability seems to dominate, but it’s not set in stone. In this case, I think the 70% bearish probability is enough to remind everyone, so we can take advantage of this good high point to exit quickly, avoid the storm, and watch from the sidelines. If you really have extra money and feel like taking a gamble, you can short a bit at a low multiple at a high position; at least the risk-reward ratio is acceptable.
Folks, the market is changing rapidly right now, so you must keep your eyes open, seize the moment, and try to find your 'way to survive' in tonight's market.
Wishing my friends who are fated to see this a profitable trading day every day, and may you be happy making money every day! By the way, please support me with a follow! Your attention and recognition are my greatest support and help! Grateful and thankful 🙏🏻