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Waiting for the interest rate decision, after the rise, adjustments are expected
The geopolitical situation has basically been settled, Trump has made a statement, and Iran and the U.S. have signed a memorandum of understanding, aiming to end the conflict related to朗子, reopen the Strait of Hormuz, with the official signing ceremony scheduled in Geneva within the next few days, followed by 60 days of technical negotiations.
Next, focus on the Federal Reserve's interest rate decision, and the market impact from the speech by the new chairman, Powell.
Yesterday saw a volatile upward trend, with an early surge, steady rise during European trading, continued gains in the U.S. session, then a pullback at the end of the day, closing with a large bullish candle. After three consecutive rebounds, the bullish momentum weakened and started to decline, partly due to ongoing uncertainties in the Middle East geopolitical situation, and partly because the market is waiting for the Fed's rate decision to be implemented. In the short term, the market is unlikely to break out of a single direction, maintaining a range-bound consolidation overall.
BTC trading suggestion: buy at 646-650, stop loss at 600 points, target 66,400, break through to see 67,300-67,900. #Gate现货交易量逆势增长增幅全球第一