With the announcement of the Federal Reserve's interest rate decision in the early morning and Powell's public speech, will the US dollar reach an inflection point?
Bitcoin slowly fell back to around 74500 in a stepwise manner to around 75200 in the evening, then quickly rebounded to around 76200 in the early morning, fell back to around 75600, and then moved up to around 76300.
Ethereum fell back to around 2770 near 2830 and then quickly rebounded to around 2870. It is currently fluctuating around 2860.
In the evening, I thought about the cloth baked kong single. In the face of the trend, the short kong wave satin gained strength and could be worn. At night, the Luo bag pie was nearly 700 yuan, and the concubine's profit was cashed out.
The short-term fluctuations in weekly unemployment benefits in the evening had little impact on the crypto market. After Trump won the U.S. election, Bitcoin once again reached a record high, and Ethereum made up for the gains in the later period.
The Federal Reserve's interest rate decision was announced in the early morning. The market has fully digested the expectation that the Federal Reserve will cut interest rates by 25 basis points this week, but investors will pay close attention to any hints about the Fed's future interest rate trends. Fed Chairman Jerome Powell is expected to confirm the Fed's independence and say they will act based on the economic and inflation outlook.
Following Trump's election, the Federal Reserve cut interest rates, and the crypto market provided a channel for currency hedging.
Returning to the crypto market, Bitcoin leads the way and Ethereum makes up for the gains. Judging from the four-hour data, Bitcoin is shrinking and moving upwards, with the top focusing on around 67,600 and the bottom focusing on around 73,500. Judging from the one-hour structure, the pie is growing. Pay close attention to the impact of the news in the early morning.
Personally, I believe that Bitcoin will continue to climb higher in the early morning. The top will focus on around 77,500, and the breakthrough will continue to focus on around 78,300. At the top of Ethereum, focus on around 2920, and if it breaks out, look around 2960.
For the next big move, just focus on support near 73500, and focus on around 2770. The early morning tremor will be the main one, and the short kong will be the supplement.
The market fluctuates violently, and transactions are strictly subject to risk control. As long as the wave is favorable, the Luo bag will be safe. If there is no direction, Baili Community provides three bench seats and stable cloth baking. Welcome to consult.#currencycircle#特朗普加密政策承诺
