$BTC Powell's speech theme "Wait-and-see" stance is neutral, the cryptocurrency market's reaction is mild and in line with expectations
Latest developments from the Federal Reserve and analysis of their impact on the cryptocurrency market:
Policy expectations remain stable
The dot plot indicates a projected reduction of 50 basis points (two times) in 2024
This is completely consistent with the forecast from March, eliminating market uncertainty
No additional dovish signals were released, nor were there any unexpected hawkish guidance
Powell clearly outlines two major observation points
① Key date on July 9
The expiration of the tariff suspension on China from the Trump era
The direction of policy will affect global supply chains and inflation expectations
② Geopolitical risks
Potential escalation of the situation in the Middle East
Focus on whether the U.S. will directly intervene in the Israel-Palestine conflict
