Key Points from the Early Morning Interest Rate Meeting:
Interest Rate Cut: The Federal Reserve adjusted the interest rate to 4.5%-4.75%, as expected, with a 25 basis point cut! This aims to lower borrowing costs.
Powell Not Resigning: Federal Reserve Chairman Powell refused to resign at the request of the president, as his position is protected by law.
Economic Optimism: Price stability, a strong job market, and active consumption contribute to a positive economic outlook.
Inflation and Employment Policy: The Federal Reserve is satisfied with the job market and does not plan to control inflation through loosening policies.
Neutral Interest Rate Strategy: The Federal Reserve seeks to balance interest rates and adjust flexibly to maintain a strong economy.
Cautious Rate Adjustments: The Federal Reserve is cautious about the speed of interest rate adjustments.
Ongoing Inflation Challenges: Inflation remains high in areas like real estate, but the Federal Reserve expects it to gradually stabilize.
Powell Avoids Politics: Avoiding discussions on government spending due to elections, but it has been considered in economic models.
Government Spending Warning: The current spending path is unsustainable and requires caution.
Borrowing Cost Concerns: The Federal Reserve is concerned about rising borrowing costs but believes the risks are manageable.
Explanation of Statement Changes: Powell stated that changes in official statements are a normal process and do not warrant concern.
Economic Recovery Post-Inflation: Economic improvement after inflation takes time, and the Federal Reserve understands the pressure of rising prices.
BTC
Yesterday's 74200 almost got in, with the price dropping to around 74400! The gap between ideals and reality! Trading is a test of will! Returning to the present, H1 has formed an upward channel, where the first 60% of the channel is generally safe; a pullback to the lower edge of the channel can be followed, coinciding with the H1 demand zone of 75000-74500! The upper high point is around 77800-78000! If it breaks the channel, wait for buying opportunities around 73500-72600! Further down is 71600-70500!
ETH
Daily closing price at 2895! Effectively breaking through 2820! Therefore, a pullback is a buying opportunity! Daily target area is 3260-3400! For the short term, H1 focuses on buying opportunities around 2820-2780! Target near 3040!
SOL
The price tested the daily supply zone of 194-203 as expected! Unfortunately, it missed the opportunity near 184 yesterday! If it rejects distribution here, watch for buying opportunities on a pullback to 188-186!
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