Interest rate cuts and ceasefires, behind the good news is a rebound or a reversal?
Don't get too excited
Tonight at 10 PM, Powell will face Congress's 'soul-searching questions'
Many believe that $100,000 will become a 'hard bottom'.
However, 'buy low and sell high' is the way to go.
Next up are tariff negotiations, the fluctuating situation in the Middle East, and changes in regulatory policies; any 'black swan' could cause the market to tremble!
Four key points tonight
1. Listen to the president or maintain independence? Trump is pushing for rate cuts, how will Powell decide?
2. What's the situation in the Middle East? A ceasefire between Israel and Palestine and a sharp drop in oil prices; Powell's words could set the oil market ablaze again!
3. Between a rock and a hard place! The Republicans are pressuring for rate cuts, while the Democrats warn against being manipulated by the president; Powell has to 'please' both sides!
4. Major changes in banking rules! The White House wants to influence the Federal Reserve's core policies; Powell must make a statement, or the financial sector will 'explode'!
• Support level: If the $100,000 level can't hold, it might drop straight to $93,000
• Resistance level: If it can't break through $106,000, the risk of a pullback is high