5.22 Friday midday market analysis. According to the White House, the inauguration ceremony of the new Federal Reserve Chairman, Jerome Powell, will be held tonight at 23:00.


This is an important personnel change in the Federal Reserve leadership, marking the official start of Powell's duties as Fed Chair.
It means: The Federal Reserve Chair is one of the most influential positions in the global financial market, and his words and actions will directly affect the price trends of assets such as the US dollar interest rates, US stocks, Bitcoin, and others.
Although tonight's inauguration ceremony is mainly ceremonial, it also signifies that the Fed is entering the "Powell era." The market will pay close attention to his first statement after taking office, especially regarding future interest rate policies.
Currently, the market's reaction to this personnel change is calm, but Powell's first public speech may cause significant volatility.
All operations can continue according to yesterday's strategy.
BTC trading suggestion: Short at 78,200-78,500, take profit at 77,800-76,800, stop loss above 79,000.
ETH trading suggestion: Short at 2,150-2,170, take profit at 2,130-2,100, buy in batches around 2,110.
BTC-1.62%
ETH-2.69%
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GateUser-02dc12ea
· 9h ago
Get in quickly!🚗
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