The Federal Reserve insists on not lowering interest rates against the President's wishes; with tariffs approaching, be cautious in chasing rises! June 28th Big Pie Auntie's Thoughts
Last week, Trump demanded an immediate significant reduction in borrowing costs, but the Federal Reserve voted unanimously to keep interest rates unchanged for the fourth consecutive time. He stated that the labor market has not shown significant signs of weakness, and it is still unknown how Trump's policies will affect the economy. As tariffs approach, price pressures will intensify this summer. Therefore, there is no urgency to cut interest rates!
Yesterday's short-selling strategy was once again validated; although the price fluctuations were not large, there were some gains! The daily line formed a doji candlestick this morning, and after high-level consolidation, it produced a doji star. Although it is somewhat non-standard, caution is needed regarding the strength of bears; after all, the U.S. stock market remains strong, but cryptocurrency prices are clearly stagnant, possibly due to a slowdown in capital inflow. Therefore, the intraday operation maintains the strategy of short-selling on rebounds! The upper pressure levels to watch are 108300, 109000, and the 110000 level; the lower support levels to watch are 106000, 104500, 103000, 102000, 100800, 100000, and 98000.
June 28th Big Pie Trading Strategy: Aggressive traders can short one lot on the rebound at 107500-108000, add positions near 108500, defend around 109000, and aim for 106000-105000-104500; if the price breaks, look at 104000-103500-103000, and continue to move the stop-loss to protect profits as the situation dictates!
June 28th Ethereum Trading Strategy: Aggressive traders can short on the rebound at 2450-2470, while conservative traders can enter at 2500-2530, defend around 2550, and aim for 2400-2380-2350; if the price breaks, look at around 2320-2300 and continue to move the stop-loss to protect profits as the situation dictates!
Long Position Strategy: For the day, buy one lot on the Big Pie pullback at 102500-103000, defend around 102000, and aim for around 103500-104000; if the price breaks, look at around 104500-105000.
For Ethereum, buy one lot on the pullback at 2300-2330, defend around 2270, and aim for around 2350-2380; if the price breaks, look at around 2400-2420.
In the past two days, cryptocurrency prices have been consolidating at high levels without breakthrough strength. Now the U.S. has also lifted sanctions against Iran. Moreover, Trump has terminated all trade negotiations with Canada and clearly stated that he will inform Canada of the tariffs required for trade with the U.S. within seven days. There is no discussion at all, so everyone should be cautious in chasing rises! #加密市场回调 #鲍威尔半年度货币政策证词