Last night during the live stream, we talked about Powell's speech at 2 o'clock and speculated that there is no way to cut interest rates in June.

Explain the specific meanings of interest rate cuts and hikes.
When the Federal Reserve lowers interest rates, funds cannot stay in the bank and will flow out, potentially into gold, U.S. stocks, and the cryptocurrency market.
When the Federal Reserve raises interest rates, funds will flow to banks and buy U.S. Treasuries, which will inevitably lead to a lack of liquidity in the stock market, thus negatively impacting us.
The facts are as follows: First, he is not on good terms with Comrade Trump, and second, at his age, it's impossible for him to yield to a clown. He has never liked his methods, so his attitude towards him is to agree verbally to everything that can't be done, and he won't lower interest rates until the very last moment. When it comes to formal occasions, he won't bring it up. Therefore, the real bull market brought by a rate cut might be anticipated in November. As a result, the long positions betting on a June rate cut faced a disappointing blow. Thus, the short position we provided around 98200 last night, if managed well, is relatively reasonable in the long term. In the short term, the suppressed sentiment might cause retail bulls to erupt once more, and if they trap a batch of bulls, a pullback could be on the way. #Bitwise NEAR ETF 申请# #BTC重返97k# #OBOL 上线福利#