Wishing everyone a happy May Day in advance~

The Federal Reserve's interest rate decision was to keep the current stance unchanged, in line with market expectations. Personally, I think this time Fed Chair Powell's speech was noticeably hawkish. From Powell changing the description of inflation from "slightly high" to "high," and mentioning that the chances of raising or cutting rates are roughly equal, it’s enough to indicate that. Additionally, the internal vote was 8:4, the most opposition since 1992, showing significant internal disagreement; meanwhile, externally, the US and Iran are currently at an impasse. With domestic inflation in the US not coming down, the Fed now faces a very awkward situation—daring not to cut rates but also not raising them.

Looking at the current market trend, the short-term daily chart continues to fluctuate sideways, so the trading strategy remains short-term volatility. On the monthly chart, since February, it has been oscillating sideways for three months, which is already quite long. Therefore, the market is more focused on when it can truly break out of the consolidation, form a new pattern and trend. Personally, I think it may depend on the performance after the new Fed Chair takes office, as the signals from the US and Iran are unclear. With the Fed's leadership change, the short-term market is mainly waiting.

Today, the overall market mainly fluctuated downward. Yesterday, institutional net outflows were about $127 million. All clearing charts show a bearish trend, indicating the market is mainly bearish. Therefore, the short-term market fluctuation range is around 73,500-77,000. Short-term Bitcoin fluctuation range is 2,180-2,280, and Solana is 80-84.

Today’s contract strategies:
BTC: Short at 76,500 or on rallies, take profit at 74,500

ETH: Short at 2,260 or on rallies, take profit at 2,190

SOL: Short at 83 or on rallies, take profit at 80.5

Warm tips:
1. Stop-loss suggestions should be set according to your actual liquidation price and your risk tolerance.
2. Don’t be greedy; lock in profits and avoid holding onto losing positions. Better to take small losses than fight against the trend. If the direction is correct, hold on.