At 2 AM Beijing time on June 19, the Federal Reserve announced its June interest rate decision, with the performance on the Fed's dot plot becoming the focus of attention. The March dot plot indicated that there might be two rate cuts this year. If this interest rate decision shows only one cut, will the momentum driving Bitcoin's rise diminish?

Additionally, Powell has started being speculated on by the market since last night. In fact, all Federal Reserve officials are prohibited from expressing any attitudes or views related to interest rate policies 48 hours before the rate decision to avoid causing severe fluctuations in the financial market.

Rate cuts are the trend of the times; global central banks have entered a major cycle of rate cuts. Europe has initiated rate cuts ahead of schedule. Powell has been playing it cool, not cutting rates for the ideal inflation data, waiting for better inflation performance before initiating rate cuts.

In June, I believe the likelihood of the Federal Reserve cutting rates is low and will continue to maintain the current interest rates. The reason is that Powell has previously indicated he is not in a hurry to stimulate the economy through rate cuts but wants to consider cutting rates after trade conflicts have evolved. The rebound in inflation has always been a concern for Powell.

In the second half of the year, there will be at least one rate cut; thinking about rate hikes is out of the question as it is simply impossible. Raising rates during an economic downturn is akin to suicide. Lowering interest rates to stimulate the economy is the only way out. Two rate cuts could potentially lead to a larger upward surge in Bitcoin, with expectations temporarily affecting a drop in its price, but not impacting the long term.