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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Powell will wreak havoc tonight!!!
On the eve of the interest rate meeting, the market is in a state of panic! No one dares to take any action, and the Bitcoin market seems to be at a standstill, but the results will be announced tonight. Powell will give a speech at 2:30. Will this be positive news?
According to the latest interest rate expectations, the probability of a rate cut this time is basically zero. So I hope Trump’s pressure can make the brothers in Congress sit down and not get too excited~ However, the focus of this meeting is to signal for the next time, starting the first rate cut of the year~ I feel the probability is still quite high.
I personally plan to lighten my position on the highs. Several whales I am watching are reducing their holdings. The market is very likely to correct in August!!