At two-thirty tonight, the Federal Reserve is set to hold a monetary policy meeting. In my view, this meeting is likely to still release hawkish signals.
If the meeting minutes indicate that the Federal Reserve assesses the current inflation level as still too high, with the possibility of further interest rate hikes, or emphasizes maintaining high interest rates, then the yield on dollar assets will continue to remain high.
At that time, institutions and retail investors may likely sell cryptocurrencies and shift to investing in dollar assets, which will inevitably lead to a drop in cryptocurrency prices.
Meanwhile, altcoins may also follow the decline, and the entire market will fall into a state of stagnation.
So here, I would like to offer everyone a long position, looking to position in the vicinity of 110,000, aiming for a long-term target of 101,000!!
At two o'clock in the morning, please pay close attention to the Federal Reserve meeting minutes; I will always be with you.
