The Federal Reserve once again announced that it would keep interest rates unchanged, in line with market expectations;
Powell: We can start to gradually relax the restrictions on policy interest rates;
Powell: If inflation falls in line with expectations and the labor market stabilizes, a September rate action could occur;
Tonight at 8:30 pm, the U.S. Department of Labor will release the unemployment rate and non-farm payrolls data for July. These two data will directly affect the expectations and extent of the September rate cut. The non-farm data needs to be studied. After all, the data was revised in the next month after the previous releases, and the policy considerations are relatively large. The unemployment rate is combined with the previous data, and it is highly likely to meet or exceed expectations.
The market's initial decline followed by a rise will inevitably lay the cyclical tone for this round of bull market after the Federal Reserve's monetary easing policy is implemented.
This is how it is during the day, with news coming one after another. The market will not be achieved overnight, but will show its original trend after stumbling. Let it go, and it will eventually come to fruition.
BTC：
The H4 level 65000-63500 demand zone prompted by the daily report has finally arrived! The market never lacks opportunities, but what it lacks is patience! Since the current price has come, let's wait and see if it can form an H1 level buying opportunity? Otherwise, after plundering the liquidity at the low point, pay attention to the support of the position of 62450-62000!
ETH
It has begun to show some resistance to decline, and Grayscale's selling pressure has begun to ease! Pay attention to the support near the previous low of 3120 below. If you hunt for liquidity at the previous low point, pay attention to whether the 3090-3040 demand area will form an H1 level buying opportunity?
SUN
The price tested 170-167 again. Will there be an H1 level buying opportunity here?
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