Breaking News! Powell Reveals: The Federal Reserve's Rate Cut Depends on Tariff Impacts, Trump Can't Rush It!

Last night, Federal Reserve Chairman Powell clearly stated that if it weren't for concerns about the impact of tariffs undermining anti-inflation efforts, they could have lowered interest rates based on recent economic data! Although a rate cut next month hasn't been ruled out, cautious signals are being sent, suggesting that at least until the September meeting, decisions will be made based on price fluctuations caused by tariffs.

Bitcoin has dipped to 98,000V and then returned to the 106,500 position, which is the starting point of the big drop on the 20th. The market always has countless reasons for harvesting. From a technical perspective, Bitcoin still has upward space towards 108,500, which is the top of the descending channel. Short positions can be considered in the 106,500–107,300 range, while long positions can be considered in the 103,500–102,500 range. Be aware that we are approaching the end of the month. Although there was a quick recovery after the sharp drop, the market's funds haven't kept pace. Some altcoins may still have rebound potential, but retail investors often suffer losses while trying to catch up with altcoin rebounds. Stay alert to the risks of market fluctuations. During market volatility, both long and short positions can be considered, but always maintain good stop-loss management.

Additionally, Federal Reserve officials expect tariffs to drive up prices this summer, disrupting the downward trend of inflation. Due to doubts about whether businesses can pass on costs, and with strong economic and employment performance, Powell believes there is no need to rush into rate cuts. Previously, Trump strongly requested a rate cut but did not gain support from lawmakers. There are also differing opinions within the Federal Reserve, with a majority expecting rate cuts within the year, but a minority opposing it. Powell explicitly stated that the inflation data for June and July and the transmission of tariffs to retail prices will influence the direction of policy!

Positive news: Guotai Junan International has officially been approved to provide cryptocurrency and other virtual asset trading services. On June 24, Guotai Haitong Group's subsidiary Guotai Junan International Holdings Limited was officially approved by the Hong Kong Securities and Futures Commission. After this license upgrade, customers will be able to directly trade cryptocurrencies (such as Bitcoin, Ethereum, etc.), stablecoins (such as Tether, etc.), and other virtual assets on the Guotai Junan International platform. This news may bring in significant capital, so if interest rates are not cut in July, the market may still have the opportunity to break new highs, similar to the market in April and May. After all, this rapid spike and quick recovery clearly indicate that there is a reluctance to let people hold at the ground price. Those with short positions or those who are short in the market must always be prepared for risk management to prevent sudden market attacks.