Powell redefines the Fed's framework, is this paving the way for interest rate cuts? Evening thoughts on Bitcoin on May 15!

The intraday shorting strategy aligns with the price trend of the currency, Ethereum orders have been received, and the stop loss has been moved to 2570, which has been forced to take profit; today Bitcoin did not get filled!

Currently, the technical outlook remains bearish, with the hourly chart in a volatile downward trend. If today's thoughts align, one can gain hundreds of points. Personally, I want to analyze the situation; who knows about profit taking!

Powell stated today that there is a need to reconsider job shortages and the average inflation rate. He publicly indicated that the Fed might make significant modifications to a strategy that was initially viewed as a major shift for the Fed, namely, being willing to take on more risks to strengthen the employment market and being willing to tolerate higher inflation after experiencing a period of weakness.

This public statement leans dovish; it's unclear whether it's phrased to avoid cutting interest rates or because of a comprehensive consideration of rate cuts. However, the technical outlook is still bearish, and with a slowdown in fund inflows in the spot ETF market, if the Fed does not cut rates, subsequent funds are likely to take profits and exit, so Conan remains bearish!

For friends who haven't entered yet, consider shorting Bitcoin on a rebound in the range of 103500-104000 this evening, with a stop loss above 104500, targeting around 102500-102000-101500-100700, and if it breaks, look for below 100000.

For Ethereum, short on a rebound in the range of 2580-2620, with a stop loss around 2650, targeting around 2550-2520-2500, and if it breaks, look for below 2470-2450-2420-2400!

Recently, the US stock market has been relatively strong, and the long position for Bitcoin remains unchanged; strict stop losses are necessary, and keep moving the stop loss to protect profits! #美国PPI数据来袭 #代币发射平台竞争加剧