Review of the Fed's actions in June of previous years:
June 2021 meeting: The Fed raised the "dot plot", opening the prelude to interest rate hikes and marking the withdrawal of ultra-loose monetary policy.
June 2022 meeting: The Fed directly raised interest rates by 75 basis points and significantly raised interest rate expectations.
June 2023 meeting: The Fed hinted that it would raise interest rates twice more, and prepared ammunition and was ready at any time. (Strategy Cooking Page Introduction)😍
June 2024 meeting: It is expected that interest rate expectations will be raised again, even long-term neutral interest rate expectations. It seems that the war machine is running at full speed and ready to charge at any time.
This series of actions shows the Fed's consistent hawkish stance in June, and the market needs to be vigilant about this. Therefore, whether the Fed will continue to take a hawkish stance in June this year has attracted much attention. If interest rates are raised again, the crypto market may fluctuate violently in the short term. Ethereum has not been open for trading since the spot ETF was approved. Despite the lack of ETF spot inflows, prices remain high and volatile.
The current price is hovering around $3,500, which is not only the recent low, but also the cost price for many investors, and can be regarded as an important support level. Before the data is released, it is recommended to temporarily avoid operating contracts because the volatility may be large. But for spot, you can consider opening positions in batches.
