I believe everyone has seen that the Federal Reserve kept interest rates unchanged. This time, Powell acknowledged for the first time that tariffs have an impact. Powell's tone has clearly softened a lot. According to the dot plot, the Federal Reserve expects two more rate cuts this year, but the number of officials supporting no rate cuts has increased from one to four. Now, global trade policies are changing continuously, with Trump imposing various tariffs. This time, Powell has clearly left himself an exit strategy. Previously, Lao Shan also mentioned that the Trump administration aimed to prompt the Federal Reserve to cut rates earlier, and this has achieved a certain effect. Although the current state of the U.S. economy isn't very good, this is just a superficial phenomenon. Yesterday, as soon as Powell's news came out, both the cryptocurrency market and U.S. stocks rebounded, especially Ethereum, which rebounded by 7%, giving many people hope.
Now, getting back to the point, around 1760 to 1800, Lao Shan repeatedly said that the market was only being manipulated by those with ulterior motives, and could only alter the short-term market. The positions that originally belonged to him would return. Those who listened back then basically bought at the bottom. How are those waiting for 1500 doing now? Looking at the current market, Bitcoin also performed well yesterday, reaching a high of 86,532 USD, with a low around 83,700, currently hovering at 83,780. Focus on the key level of 82,000 below, followed by the 80,000 level. Above, pay close attention to the 85,000 USD level. If it stabilizes above 85,000 USD, then we will look at 88,000 USD. A temporary positive sentiment cannot break through 92,000 USD, but it's just a matter of time. Now let's talk about Ethereum. Yesterday, it performed quite well, reaching a high of 2,070 USD, but did not break through 2,100 USD. Currently, it's at 1,955 USD. The key level to watch below is 1,900 USD. As long as it does not fall below that, it should gradually stabilize above the 2,000 level. Ethereum has risen about 7%, quite strong, and the market is in a festive mood. Next, we will see if Ethereum can break through and stabilize at the 2,000 level. As long as Ethereum stabilizes, the good plays in altcoins will also arrive, so if you want to invest in altcoins, make sure to ask Lao Shan. Lao Shan personally believes that Ethereum will drive altcoins back to their original positions, but altcoins must be chosen from those with great prospects. Don’t buy randomly; the situation is different now. Before, there were few cryptocurrencies; now there are thousands, many of which have no prospects. Don’t work hard for nothing. Lao Shan now sees that Ethereum has reached its original position, and the market is celebrating more than Bitcoin making new highs. Be patient and wait to ambush properly; in a short time, you may receive unexpected surprises. I am Lao Shan, thank you for watching, and see you tomorrow!