The early morning interest rate decision aligns with expectations; there will be no rate cut in June, but the two previous rate cuts remain unchanged, resulting in a relatively small overall impact. Powell's speech also indicated that the economic situation is not as bad as it seems and did not provide excessive commentary on interest rates. The flight situation is gradually recovering.
Returning to the pancake market, yesterday's dip did not lead to a further decline; it tested the bottom support at 1033 without success, and the low is gradually recovering. Currently, there is a certain upward structure, and although the pressure at 1055 has not been broken, it is only a matter of time. Today's main strategy is to enter from low positions, with short positions as a supplement. We will choose to flexibly switch based on the breakout situation of the oscillation range.
Pancake trading strategy: Enter at 1036-1040, target 1055/1065. $ETH $BTC #美联储FOMC会议
Returning to the pancake market, yesterday's dip did not lead to a further decline; it tested the bottom support at 1033 without success, and the low is gradually recovering. Currently, there is a certain upward structure, and although the pressure at 1055 has not been broken, it is only a matter of time. Today's main strategy is to enter from low positions, with short positions as a supplement. We will choose to flexibly switch based on the breakout situation of the oscillation range.
Pancake trading strategy: Enter at 1036-1040, target 1055/1065. $ETH $BTC #美联储FOMC会议
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