Let's briefly discuss tonight's Federal Reserve outlook

1. Interest rate 80% maintains at 3.5%-3.75%, the third consecutive hold, with no market expectation of rate cuts
2. Statement shifts significantly to hawkish: removes easing language, explicitly states inflation remains high, oil prices driving inflation rebound, no urgency for rate cuts
3. Powell's farewell speech: prolonged high interest rates, revised down to one rate cut for the year, earliest possible in September, balance sheet reduction continues without slowing
4. Major personnel negative news: Waller smoothly confirmed by the Senate, officially takes over as Fed Chair in May
Waller is a super hawk, strict inflation control, accelerated balance sheet reduction, significantly delayed rate cuts, liquidity tightening across the board
5. The curse of historical overlaps: whenever the Fed chair changes, US stocks must fall, Bitcoin must crash; Yellen's appointment BTC fell 84%, Powell's appointment BTC fell 73%, transitions have never been exception

Second, technical analysis
Daily top divergence pattern formed, 4-hour mid-term divergence downward, indicating a large-scale correction is needed.
Early morning hawkish decision combined with transition uncertainty directly triggered bullish panic selling and profit-taking. #WCTC交易王PK