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📢 Powell's speech was hawkish, suppressing interest rate cut expectations, and the Fed continues to talk to control the market.
Last night, the Fed announced that it would keep interest rates unchanged at 4.5%, marking the fifth consecutive time it has remained steady, which is in line with market expectations.
🗣️ Powell subsequently spoke in a hawkish tone, clearly stating: the September policy adjustment has not yet been decided, and will continue to observe the impact of tariffs and other factors on inflation and the economy, while emphasizing the importance of stabilizing long-term inflation expectations.
📉 As a result, risk assets quickly rebounded after a short-term plunge, U.S. stocks turned from falling to rising, and the major cryptocurrencies in the market staged a V-shaped recovery after a sharp drop.
💥 Crypto Market Brief:
#BTC: Following the Fed's interest rate rhythm, Powell's speech triggered a spike, but all gains were erased by the end of the session;
#ETH: The trend is synchronized, quickly recovering, and the "old man controls the market" is seen again;
#SOL: Overall rhythm is consistent, pin bar rebound resonance;
The Fear and Greed Index has dropped to 72 today, which, although a decline, still remains in the "Greed" range.
Staying up late before the interest rate decision, waking up to find: ✅ The price has increased, ❌ The position is gone.