$ETH The heads of the four major central banks will appear together on the forum, and the speech by new Fed Chair Walsh will become the core market variable tonight!!



This joint appearance includes the heads of the European, British, and Canadian central banks, with a scale far exceeding ordinary speeches and an extremely high policy signal weight. Looking back at Walsh's first rate-setting meeting after taking office, his attitude was hawkish, directly suppressing precious metal prices. This time, his international public stance is likely to continue the tough tone!

The market is currently widely betting on rate cuts, with a clear expectation gap. If Walsh reiterates that inflation has not been effectively controlled and the high-interest-rate policy will be maintained, the dollar will gain upward support, while gold, Bitcoin, and various crypto assets will come under pressure and weaken!

From the chart, although there was a slight rebound after the intraday dip, the rebound strength is weak, and the overall trend is still bearish. Currently, it is in a sideways range-bound oscillation, but institutions and whales have started selling, and it is difficult for longs to reverse the bearish trend in the short term!

Trading suggestion: Go short near 1590! Target around 1550!! #Sharplink增持1万枚ETH
ETH3.48%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
Tangerine-FlavoredPullback
· 4h ago
If Wash is truly hawkish, shorting at 1590 is indeed reasonable, but Sharplink's increased holdings of 10k ETH at this point is somewhat intriguing—are institutions shouting short while bottom-fishing?
View OriginalReply0
  • Pinned