6.19 Morning Market Update:
Last night's Federal Reserve meeting was quite informative,
Let me summarize for you to see whether it’s good news or bad news👇
✅ The expectation of two rate cuts this year remains unchanged, which is the biggest positive, and the market breathed a sigh of relief.
❌ However, the outlook isn't very friendly moving forward:
Next year, they only plan to cut rates once, down from two, a reduction;
The U.S. GDP forecast has been revised down, and economic growth may not be as optimistic;
The unemployment rate forecast has been adjusted upward, indicating that employment pressure is on the rise;
Inflation expectations for the next three years have also been revised upward, with core PCE proving to be more stubborn than before.
In summary: Unchanged rate cut expectations = good news, economic outlook downgrade + rising inflation pressure = bad news. Overall, it's leaning neutral, and the market has been quite restrained, continuing to oscillate within a range.
Ethereum is currently rebounding around the price of 2510. Personally, I do not recommend going short in the upper boundary area of 2540; this time there may indeed be a chance to break the range.
If the breakout is successful, watch for 2562 first. If it pulls back to confirm, the next target could be 2617.
But don't forget the premise: the range must be broken first.