6.12 Bitcoin continues to plummet! Can the Fed's interest rate meeting reverse the situation?

Bitcoin has started two consecutive plunges in the past few days. The lowest point of yesterday's decline was around 66,000. The current price rebounded by 1,500 points and returned to around 67,500. In the short term, it can be seen that the current price seems to be resisted here and has not been able to rebound upward!

The market in the past two days is not our main concern. We should pay more attention to the news. As shown in the above figure, the US Congress will announce the core inflation rate in May at 8:30 this evening, and then there will be the Fed's interest rate decision at 2 a.m., and of course the Fed's press conference at 2:30 a.m. These are all news that will affect the current price.

Before the announcement of major news, the technical side is often not fully referenced. Once the news is different from the previous expectations, the market will destroy the current technical structure in most cases. So if there is no special grasp, I think it is best to avoid trading in this situation.

At present, we can probably know that the number of non-farm payrolls in the United States has increased before, as we mentioned in the last issue, so the current expectation is that the Federal Reserve will most likely not cut interest rates this time, and the market generally expects that the benchmark interest rate will remain unchanged at this interest rate meeting.

However, before the interest rate is announced, we can know the inflation data for May in advance at 8:30. If inflation is still very high, the interest rate cut cycle may continue to be postponed, which also means that it is bad news, and prices may fall in advance at that time.

It is also possible that due to excessive inflation, it is not impossible to continue to raise interest rates, but the probability of this situation should be very small. I have read a lot of analysis articles, and most of them did not mention this situation. Most people just think that if inflation is too high, the interest rate cut will continue to be postponed, because the market generally expects that the Federal Reserve will start to decide to cut interest rates by at least 25 basis points in the September meeting.

#美联储利率决策即将公布 #BTC走势预测