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At 2 a.m., the Federal Reserve interest rate decision takes center stage.
In the early trading session, I had already anticipated a rebound in the evening, advising everyone to hold long positions patiently.
Now, profits have been realized.
After the decision is announced, coinciding with the global Labor Day holiday, traditional financial markets will be closed, opening a window for the crypto market to lead the trend independently.
Combined with the positive factors from the US-Iran conflict this week, the May Day holiday market is worth paying close attention to.
This decision will first impact the US dollar index, then transmit to gold and crude oil, ultimately linking to the crypto market.
Currently, the chart shows that as long as BTC stays above 77,500 before the decision, there may be some quick dips and oscillations.
If it pulls back and stabilizes early, there is a better chance of a rally.
The overall probability of a sharp breakdown and weakening is not high.
$BTC $ETH