With the midnight Federal Reserve interest rate decision published, it is generally in line with market expectations. June still sees no interest rate cuts. Although this was anticipated, the actual lack of a cut is still a bit disappointing. At 2:30 AM, Powell's speech stated that the current economy is not too bad, maintaining the original plan of two interest rate cuts unchanged. Today, the U.S. stock market is closed for another day, and the overall market has entered an adjustment phase with little change.

From the current overall market perspective, after the price of cryptocurrency dipped to around 103,300 yesterday, it did not break down further. This morning, the price gradually recovered upwards and is currently back to around 104,700. Due to the U.S. stock market being closed, overall liquidity is insufficient. In terms of operations, we continue to maintain high positions for short selling and low positions for buying, focusing on short-term trades. Watch the high point of yesterday at the 105,500 line above.

Overall, Bitcoin can be traded with high positions for short selling and low positions for buying around 105,500-104,200. If it breaks through, we can look for continuation. Ether can also be traded with high positions for short selling and low positions for buying in the range of 2,540-2,480.