Is the cryptocurrency market in turmoil?? Bitcoin surges and then falls back, the Federal Reserve dominates the scene 🔥🔥
As Powell's words of "potential rate cuts in September" just hit the air, the cryptocurrency market immediately celebrates — Bitcoin spikes by $1500 to hit $116,000, and Ethereum touches $4900, even the meme coins follow the trend and rise.
But the "Federal Reserve's spokesperson" quickly dismantles the excitement, pointing out that "don’t expect interest rates to keep falling," and the market quickly reverses, with Ethereum dropping directly back to $4700. This strategy is reminiscent of the Federal Reserve in 2021, which first lured in buyers and then harvested profits.
Comparing Powell’s speeches over the past two years is even more painful: last year, the signals for liquidity were clear, with Bitcoin and Ethereum skyrocketing; this year, he only mentions "possible adjustments" without specifying how much or how long rates may be lowered, leaving the market stuck at Ethereum's $4700, feeling very lost.
Additionally, three major figures within the Federal Reserve oppose rate cuts, and next Friday's July core PCE data (expected at 2.9%) is again a critical "life-or-death challenge," making rate cuts unlikely to become the "norm."
Sister Min offers some thoughts for everyone 👇👇
If you are chasing prices, hurry and set your stop-loss, don’t blame Sister Min for not reminding you! Ethereum at $4680 and Bitcoin at $115,000 are key supports; if you haven't entered the market, don’t randomly try to catch a bottom, and don’t fixate on candlestick charts!
I am Sister Min, thank you for your attention and I look forward to your continued support 🌹
