Tonight, that is, early Thursday morning, the global capital market will face a "judgment moment" as the Federal Open Market Committee (FOMC) Meeting will be held at 2 AM. This meeting is crucial for the future direction of the crypto market. There are three important points in this meeting. First, the result of this meeting is 100% no interest rate cut, which the market has already anticipated, and even if there is an impact, it is limited. Second, the Federal Reserve will provide guidance for the next interest rate meeting, which concerns whether it can open interest rate cuts again after half a year. This is particularly critical for the subsequent trend of our crypto market. According to the latest interest rate market results, the probability of the Federal Reserve cutting interest rates in June has halved from 68% to 31.8%, while the probability of not cutting rates is 67%. If Powell's speech leans hawkish, BTC may suffer a snow-washing-style pullback!

Another is the Ethereum upgrade, according to the past, the market has already been boiling, the price of the currency jumped up and down, but now the market is as calm as a pool of stagnant water, this upgrade or "the most cheating in history", the main funds have already retreated in advance. What's more deadly is that after the upgrade is completed, it will directly hit the Fed's "nuclear bomb" interest rate decision, and the price of Ethereum will not escape the fate of "plummeting"! At present, the flatbread ether after the morning rebound to give a step back is not very strong, has been oscillating at a high level, the seemingly strong market often has a fatal "trap", more likely to lure more performance, so, in the short-term operation can not blindly chase long, either short position wait-and-see, or light position high long is more secure.
On Wednesday afternoon, BTC rebounded above 97000 and can still be shorted. Continue to pay attention to the levels of 95000 and 93000 below. For ETH, as long as the rebound does not break the previous high near 1880, short positions can be initiated. Below, focus on the two levels of 1730 and 1680!
#BTC #ETH #Bitwise NEAR ETF 申请