After the BTC price broke through the trend line last night, many determined short sellers turned to long positions. However, I looked at the Nasdaq Index and the S&P Weather Vane and both closed the false breakthrough, so I told everyone not to pursue the long position.

In the end, BTC also fell back in the middle of the night. True or false breakthroughs are not important before the FOMC meeting, because if you believe that there are bookmakers in the BTC market, the BTC bookmakers probably don’t know what the outcome of the FOMC meeting will be.

No matter what Powell said at the press conference, the K-line is credible most of the time. Except for this kind of opportunity that has a reversal effect on the schedule, it will often make false moves until the interest rate is announced.

The result of my own analysis is that the Federal Reserve should cut the price once tonight, because it can prove that the current economy is very good, and everyone will continue to speculate in stocks, giving market makers more time to sell stocks at high prices.

If it is reduced twice at a time, it is basically a proactive admission that the current economy is not good. According to Mr. Bao's past style, when the CPI started to get out of control, he said it was okay, and in the end he waited until it got out of control and then raised interest rates forcefully.

So I tend to believe that tonight is one reduction [this is just based on my thoughts]