#ETH
《Federal Reserve Decisions — Intensifying Market Trends》
The Federal Reserve's decision not to cut interest rates and the turmoil in the global situation have left the entire market lifeless, filled with panic. Two rounds of profits have been stopped by the turbulent situation. Currently, the altcoin market seems to offer little opportunity, as the situation worsens with downward pressure, and any brief relief quickly rebounds, treating the overall market participants like retail investors.
As of June 18, the Federal Reserve's previous value was 4.5%, with market expectations also at 4.5%, and the published value was 4.5%. Therefore, the impact was minimal.
By Tuesday night, we noticed that the trend was off, prompting everyone to reduce their positions to half, waiting to see how things would unfold. The risk-reward ratio of this market no longer justifies adding positions; we need to wait until the situation is under control and the market stabilizes before there is any opportunity.
Looking at today's hourly chart for Bitcoin, it shows sharp fluctuations every three hours with no logical reasoning, all attributed to the turbulent situation. Unfortunately, news has a lagging effect, and it is only after market fluctuations occur that everyone becomes aware. However, there is no need to be overly discouraged; setting aside external influences, the overall market still appears bullish, which is why we chose to hold half positions instead of liquidating entirely.
