#PowellRemarks
The latest comments from Fed Chairman Jerome Powell after the #FOMCMeeting indicate uncertainty in monetary policy. Powell stated that although the Fed is holding interest rates at 4.25–4.5%, inflationary pressures from tariffs will still be felt and need to be monitored further. He emphasized that the path of interest rates remains unclear and there will be no signal for cuts in the near future.
The effects are starting to show in the crypto market: #Bitcoin is trading in a narrow range around USD 104,000–105,000 and altcoins are moving sideways, reflecting investor caution. BTC even dropped about 2.1% within an hour after his speech, with trading volume increasing by 18%—indicating a quick reaction from traders.
For Binance users, it's time to prepare strategies:
Monitor important technical levels such as support around USD 104,000 and resistance at USD 110,000.
Use price alert, stop loss, and take profit features to protect positions as the market moves sharply.
Also, watch out for potential short-squeeze if Powell suddenly gives a dovish tone.