【Analysis of the Fed's interest rate decision】

At 2:00 am on Thursday, Beijing time, the Fed will announce the FOMC interest rate decision. Powell will hold a monetary policy press conference half an hour after the announcement of the interest rate decision.

At 2:30 am, Powell will basically maintain the interest rate unchanged. Pay attention to Powell's speech. If he can maintain the hawkish tone, then Bitcoin will continue to be under pressure. If the speech is soft, the market may rebound temporarily, but it will not change the view of falling. Recently, for a long time, the Fed has been relatively hawkish. Postponing interest rate cuts, reducing the number of interest rate cuts, and even mentioning that interest rates can be raised once when necessary are all hawkish remarks.

The rebound of Bitcoin in the evening market around 58,200 failed to stabilize and continue effectively. The overall trend is still weak. The upper pressure focuses on around 59,000. As long as the rebound does not break, the operation is still looking at the continuation of the bearish trend!

Operational suggestions

Bitcoin 57,800-58,200 area is directly short, and the target is 56,000-55,000 area #5月市场关键事件 #BTC🔥🔥🔥🔥🔥🔥