#Gate广场五月交易分享

Will the Federal Reserve's rate cut this year be off the table? How will Bitcoin move next week?
Today's latest news: Iran tensions disturb the oil market, and the Federal Reserve's monetary policy faces new uncertainties!
On Friday, local time, the Federal Reserve released its semi-annual Financial Stability Report, pointing out that ongoing conflicts with Iran and their impact on oil prices and supply have become the top threat to financial system stability. The report states that rising interest rates and increasing inflation could have significant impacts on finance and the economy.
Notably, the Fed kept interest rates unchanged after last week's policy meeting, but in the following days, several Fed officials indicated that if inflation continues to rise and broadens, they do not rule out the possibility of rate hikes.
Recently, legendary American investor, founder and CIO of Tudor Investment, Paul Tudor Jones, said that the incoming Fed Chair Kevin Woorh will not seek to cut rates and may even need to consider raising them.
The legendary fixed income investor known as the "Bond King," Jeffrey Gundlach, CIO of DoubleLine Capital, also said that the hope for a rate cut within the year may have been completely extinguished.
Will this bearish news suppress Bitcoin's price action next week? Small Wealth God believes that in the short term, the risk is not high, and next week, we should closely watch the US CPI data.
On one hand, Fed Chair Woorh has not made any comments about stopping rate cuts or even raising rates, and the so-called "hope for a rate cut this year" is just some analysts' subjective opinions. Currently, this news has not affected Bitcoin's price.
On the other hand, technically, Bitcoin's bullish trend remains solid. On the 4-hour chart, after two days of correction, the price formed a "head and shoulders bottom" pattern, accompanied by a gentle MACD bullish crossover with increasing volume; on the daily chart, the price is supported by the MA5 and is expected to continue rising; on the weekly chart, this week’s candle will close above the middle band of the Bollinger Bands, and the price is strongly deviating from the MA5 weekly moving average, refusing to pull back, which is often a sign of a bullish reversal.
Finally, Fed decisions depend on economic data, so next Tuesday's CPI data could be the key factor in whether the Fed cuts rates in June or later this year. It is recommended to pay attention. However, Bitcoin remains bullish next week, with a strategy of buying on dips, and a stop loss at 79,000.