At 2 AM, the Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, marking the fourth consecutive meeting of inaction, in line with market expectations.
The Federal Reserve stated that uncertainty about the outlook has diminished but remains at a high level. The Fed has lowered its GDP forecast for 2025 to 1.4%, while raising its inflation forecast to 3%.
From last night’s perspective, the market fluctuations due to the unchanged interest rates were not significant, dipping to around 103400 but quickly rebounding above 104000, indicating just a dip rather than a directional reversal. My thoughts remain unchanged as the market remains the same; after adding to my long position yesterday, the average price is around 1046, and I am still holding.
BTC trading suggestion: 104200-104450, stop loss 800 points, target 106000, looking for a breakout to 107100.
ETH trading suggestion: 2498-2508, stop loss 40 points, target 2578, looking for a breakout to 2610.
See you in the evening live session: $BTC #ETH🔥🔥🔥🔥🔥🔥