SUMMARY OF FED CHAIR POWELL'S STATEMENT
1. The current policy "puts us in a good position."
2. The slowdown in growth reflects a slowdown in consumer spending.
3. Activity in the real estate sector in the U.S. remains weak.
4. Inflation in the U.S. is still "relatively high."
5. Tariff levels are "increasing the prices" of some items.
6. "Changes in government policy continue to evolve."
7. Continues to clarify that the FED is not in a hurry to cut interest rates but will "wait and see" as tariffs remain in effect.
8. Commenting on the possibility of a 0.25% rate cut in September, Mr. Powell stated:
"We have not made any decisions about September."
9. The process of tariffs impacting inflation will be slower than expected. What is being seen is just the beginning of inflation caused by tariffs.
BTC prices reacted slightly to 115x, but the demand here remains very strong.
I still hold the old view that BTC must go above 120k before it can return to the 106k-113k range.
If there are any changes, I will update here. Rest assured that if something happens, I will also call.
This market has no right or wrong, only making money and not making money.
For those stuck in Long positions, you should consider exiting today as the monthly candle is about to close, and it looks very hesitant. If you are holding spot, just hold.
Thanks!
