#交易故事 5.8 Morning Market Overview: Federal Reserve Maintains Interest Rates

This morning at the Federal Reserve FOMC meeting, Powell stated that the Federal Reserve is in a favorable position to wait and will not preemptively cut interest rates. The interest rate remains unchanged at 4.25%-4.5% in May, in line with market expectations; the focus is on potential rate cuts this year, with a 25% chance of a rate cut in July, which is positive, while the opposite is true for May-June as there will be no rate cuts.

$BTC Bitcoin first spiked to 95.7 today and then surged, just reaching 98.7 with a need for a pullback; based on the current rebound strength, Bitcoin is very likely to return to the 100K mark, with resistance above at 99.6, breaking through will lead to 100K; 10.0112 is the position for support and resistance switching, laying high shorts on the left side, defend if it breaks through, target 98.8.

Chasing long positions is not advisable; although a large bullish candlestick has pushed it up, the upper resistance at 99.6 only offers a profit of 800 points, defending at 98, with a risk-reward ratio of 1:1, it is unnecessary to open a position; however, one can wait for a breakout above 98.8 and then wait for a pullback and break below 98.8 to enter a short position, defending against the previous high breakout, with targets at 97.7 and 96.5.

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