Although there is a lot of data this week, the focus is undoubtedly on the Federal Reserve meeting minutes at 2 AM this morning.
Right now, the market's attention is fixed on the key point of a rate cut in September:
- If the minutes emphasize that "inflation pressures remain significant," it would indicate a hawkish stance, which would be a bearish signal for the market, and U.S. stocks and cryptocurrencies are likely to face a heavy blow.
- If the minutes mention "economic growth is slowing, and accommodative policies are needed," it would lean towards a dovish outlook, which would be good news, and the market might see a surge.
Tonight is destined to be a sleepless night, and by tomorrow morning, there may be regrets over decision-making errors.
Whether you are going long or short, this market trend will inevitably bring joy to some and sorrow to others.
In the crypto circle, what is most frustrating is not the lack of market volatility, but rather standing in the wrong direction.