The Federal Reserve's interest rate meeting was announced early this morning, and the market continues to fray! 😴
Latest News:
- Interest rates remained unchanged at 4.25%-4.5% (in line with expectations)
- Powell's hawkish stance sent the market into a "deep V" roller coaster ride
- Currently fluctuating within the range
$ETH Current Market:
📊 Price remains firmly above the 50% range (strong support)
⚡ 3940 surged and then retreated, but remains below zero.
🔍 Both the Yin and Yang lines are shrinking, and the range continues to narrow.
Trading Recommendations:
🛌 Long-term holders: Eat when it's time to eat, sleep when it's time to sleep.
👀 Short-term traders: Continue to wait and see.
💑 This is a great time to spend more time with family (less market watching, less anxiety).
Market Secrets:
🐂 "Sharp decline, slow rise" is actually a healthy trend.
🤼 While bulls and bears appear to be in a stalemate, there are actually undercurrents.
The main force is now trying to wear down the market until it loses its temper, then suddenly launch a move!