Last night, the crypto market experienced a roller coaster market. The global capital market was watching the interest rate policy of the Federal Reserve, and the capital market also experienced large fluctuations.

The Federal Reserve Board of the United States announced the latest interest rate decision on June 12, local time, maintaining the target range of the federal funds rate at 5.25% to 5.50%, which was in line with market expectations.

The market rose due to this news, with both Bitcoin and Ethereum rising by more than 5%. Bitcoin hit the $70,000 mark, and altcoins also rose sharply.

Subsequently, Federal Reserve Chairman Powell spoke. He believed that more recent inflation data had slowed down, and more good data was needed to boost confidence in the anti-inflation process. He continued to pay close attention to inflation risks. So far this year, our confidence in inflation slowing down enough to cut interest rates has not increased. Powell said that the entire interest rate path is important, not just the first rate cut. The first rate cut is crucial to the economy, and the timing of the rate cut is an important decision for the economy.

Then the market turned down, Bitcoin fell to $67,000 again, and the altcoins pulled back one after another.

The interest rate was cut once in November, and the crypto market rose; Powell said that the interest rate cut would take longer, and the crypto market plunged again.

Now the big fluctuations in the currency circle all depend on the Fed. The impact of the interest rate cut in the second half of the currency circle is unlikely to be great. Whether the Fed directly expands the balance sheet to print money is the key to driving the second wave of the market, but the Fed's direct expansion of the balance sheet to print money often leads to a recession and a sharp drop in the market. The Fed has given up on foresight, followed the data step by step, and did not give a clear policy. It seems very cautious. The market hesitated about this, and then wanted to see one or two more months of data to see if inflation really reversed the rebound trend in the first quarter.

From the fact that $70,000 has not been able to break through effectively, it shows that there is not much net capital entering the market, and the altcoins have fallen particularly sharply, and have even completely fallen back to this round of gains. Institutions are busy cashing out on altcoins and arbitrage on Bitcoin, so there is no large inflow of funds into the crypto market to drive a second surge. It is more likely to fluctuate in a large range, which requires more patience and wait for new events or data to stimulate the trend.
#美联储连续第七次维持基准利率不变 #美国5月CPI超预期回落 #美联储何时降息？

Last night, there was another pin. The 70k position of Bitcoin will continue to have selling pressure caused by profit-taking, which will continue to stimulate risk aversion.

24-25 Perhaps the entire industry is in a gradual process, and it is a process in which other public chains take turns to challenge the dominance of the traditional two strong chains. It is also a process for regulators to explore how to accept the recruitment of the integrated encryption industry.

The challengers have a latecomer advantage relative to the two strong chains, and their respective technological innovations are superimposed. In addition to people who have similar religious beliefs about the two strong chains, most investors will make a cost-effective choice after collecting enough evidence.

At this time, if the price trend of the public chain diverges, it means that it is in the stage of chip turnover, and this type of fluctuation should not be overreacted. We still need to wait for macro signals. The most difficult thing is patience, because you must experience more to understand.

#美联储连续第七次维持基准利率不变

I stayed up late last night because I was hammered by the opponent in the gang battle yesterday. The gems on his body were similar, but his equipment was much better than mine, which resulted in me being unable to raise my head even though I took the initiative every time.
I worked on equipment until midnight. When I saw that the market fell sharply, I waited for it to stabilize and rebound after 2 o'clock and chased the bottom. I slept until now and closed the position. It was very comfortable and smooth, which was consistent with expectations. As for the equipment, these two pieces of equipment are actually quite good, but they don't add blood. The clothes are better if they add physical strength. The ring is really good. It would be better if there is more physical strength.
At present, it is generally better to watch more and do less in this market. If there is any trend, I will synchronize the information with you as soon as possible for the brothers who join the contract group competition.
Click the link to join the DoClub team: https://www.binance.com/zh-CN/FGT/JUNE2024?referral=259-bidu
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预测接下来BTC将涨
#美联储连续第七次维持基准利率不变
现在硅谷各大科技公司都在研究算力，并且积极和电网合作建造大型发电厂，而AI算力的庞大用大量使硅谷都“停电”。而挖矿也同时需要大量的电力，不仅是后续BTC缩减包括电力的使用也会提高BTC的成本$BTC #
现在挖币无疑是在风口前的优选