Wait and see in an empty position

This day has finally come. Chairman Powell is going to have a big night tonight! 👇

At 2 AM tonight, there will be a Federal Reserve interest rate meeting, followed by Powell's speech at 2:30.

We can be certain that the Federal Reserve will not cut interest rates this time, but they will release the future dot plot to express their expectations for interest rates for the remainder of the year, which is the key point.

Currently, the interest rate market believes that the Federal Reserve may increase the expectations from one rate cut in December's dot plot to three times. If it's three times, that's definitely good news. If it's two times, that's just barely acceptable. If they only cut rates once and keep it unchanged, that would be negative news.

Additionally, tonight we can pay attention to the Federal Reserve's cessation of QT tapering; the probability of announcing this news is also very high. Hope everything goes smoothly.

For short-term trading, Shuqin emphasized going long above the 80,000 support for Bitcoin. It reached 81,000 yesterday and started to rebound to 83,500. I wonder if everyone followed the trade? We've gained 2,000 points in profit, awesome! 😗