The Federal Reserve has finally raised rates after 3 years.
And even worse, the interest-rate dot plot suggests that there is a likely chance of another rate hike this year.
However, in the short term, the market has already priced in the rate hike, and it has fallen in advance, so in the short run the market can barely be interpreted as having “bad news already done,” and Bitcoin has seen some rebound. But longer term, downside pressure remains.
But! Personally, I think there is still room for maneuver regarding a second rate hike by the Federal Reserve—it likely will not end up being implemented. It may only be carried out to deter the market. Because a few months from now, the US and Iran will have a ceasefire, oil prices will fall, inflation will decline, and then the second rate hike may not be executed.
$BTC
And even worse, the interest-rate dot plot suggests that there is a likely chance of another rate hike this year.
However, in the short term, the market has already priced in the rate hike, and it has fallen in advance, so in the short run the market can barely be interpreted as having “bad news already done,” and Bitcoin has seen some rebound. But longer term, downside pressure remains.
But! Personally, I think there is still room for maneuver regarding a second rate hike by the Federal Reserve—it likely will not end up being implemented. It may only be carried out to deter the market. Because a few months from now, the US and Iran will have a ceasefire, oil prices will fall, inflation will decline, and then the second rate hike may not be executed.
$BTC
