Pay close attention tonight in the late hours. The first interest rate decision since Waller took office will be announced at 2:00 AM Beijing time on June 18, followed by a press conference at 2:30 AM.

For us, the most important thing to watch tonight is not:
the interest rate decision
but whether Waller will break the market's expectation of no rate hikes for the rest of the year.
If he does not break it, the market will most likely interpret it as a bearish signal.
If he clearly indicates that there may be rate hikes in the coming months,
cryptocurrency assets could experience a rapid correction.