Yesterday we experienced a dismal decline.
US spot ETFs saw an outflow of over $500 million, breaking a record.
But after Powell's speech, as we predicted, it began to rebound.
After the Fed's interest rate decision last night,
Powell said something. Here are a few key points for you:
(1) Unless inflation moves towards 2%, there will be no rate cut
(2) It is unlikely that there will be a rate hike at the next meeting (good news, if it indicates a rate hike, BTC will fall another 10%)
(3) When will the rate cut be made?
Powell said that unexpected weakness in the labor market could prompt the Fed to cut rates
If the unemployment rate (currently 3.8%) rises by more than 0.2%, the Fed may consider cutting rates
