Federal Reserve Interest Rate Decision Night, 02:00 Beijing Time, the crypto community is anxious!
The result of the Federal Reserve's interest rate decision will be announced soon, and it seems this night will be sleepless again!
Currently, the market generally expects rates to remain unchanged, but the focus is on Powell's speech! If hawkish signals are revealed, expectations for rate hikes won't decrease, the dollar will strengthen, and the crypto market is likely to be drained, with the risk of price plummeting soaring; if dovish signals are hinted, suggesting rate cuts, funds may flow back, bringing a glimmer of hope to the crypto community.
Regardless of the outcome, volatility is certainly unavoidable! I advise everyone not to act blindly, hold onto your chips, and wait for the situation to clarify before taking action. After all, in front of the Federal Reserve's 'big hand', the ups and downs of the crypto market sometimes just depend on one of its statements!
A brief analysis: Before the Federal Reserve's interest rate decision, BTC is likely to rebound. In an ideal scenario, it will bounce to around 106000-106666. I will short BTC in this range and then wait for the upcoming major bearish trend.
