The Federal Reserve raised interest rates by another 75 basis points, suggesting that the pace of future rate hikes will slow down, and U.S. stocks soared. The FOMC statement said that in deciding the pace of future rate hikes in the target range, the committee will consider the cumulative tightening of monetary policy, the lag in the impact of monetary policy on economic activity and inflation, and economic and financial developments.

Fed Chairman Powell said that the labor market is tight, inflation is still well above our target, and recent inflation data is again higher than expected. The full effect of the policy will take time to take effect, especially the impact on inflation. At some point, it will be appropriate to slow down the pace of rate hikes. However, the terminal interest rate level is higher than previously expected. History strongly warns against easing policy too early. We need to see a significant decline in the inflation rate. Falling inflation is not a condition for us to slow down the pace of rate hikes. Powell then said that interest rates may eventually be raised to the level expected at the September meeting, and the rate hike will be slowed down as early as December without excessive rate hikes. The overall meaning is that inflation has not been effectively curbed, and interest rate hikes cannot be slowed down. High interest rates will continue until inflation is eliminated. Here Powell mentioned that the rate hike may be slowed down as early as December. If the rate hike is really slowed down in December, it may really bring a small bull market to the currency circle.

BTC：

The sharp drop in U.S. stocks yesterday did not have that much impact on Bitcoin.

In the early morning, the Federal Reserve announced a 75-point rate hike, which was in line with market expectations. Then the Federal Reserve FOMC stated that it was necessary to continue raising interest rates until the interest rate reached a sufficiently restrictive level. The market rose first and then fell. Then Powell said that the terminal interest rate level was higher than previously expected. History strongly warned against easing policies too early, and the earliest rate hike would have to be slowed down in December. Now is the end of the bear market. It is entirely possible to have a last drop and then a small bull market with the good news of slowing down the rate hike. In the short term, it will continue to fluctuate between 20,000 and 21,000. A new round of adjustments will begin if it falls below 20,000.

eth:

The only thing we can judge for Ethereum at the moment is 1480 is the structural low point. Breaking 1480 means the end of the rebound. In the short term, it is still a matter of cashing in batches on rallies, and the remaining small positions can be held above 1480.

ltc：

Moneygram announced that LTC can be used for payment, which is a good thing, so Litecoin has risen. It is highly likely that this is not the start of the halving market. This wave will most likely come down again. Don’t worry if you haven’t made any arrangements.

on:

OP rebounded well today, but the volume was not large. It is recommended to reduce positions during the rebound.

chz：

chz slapped Hua Ge in the face again. The rebound exceeded expectations. This position is not expected to reach a new high. It is recommended to be steady and reduce positions in batches when the market is high.

ht：

ht Pay attention to the high point of the right shoulder at 9.23. If there is no breakthrough here, the four-hour head and shoulders top will still be established. If it is broken, short selling must stop loss.

doge：

It is difficult to judge whether doge has reached its peak, but it is true that you cannot chase the rise. It is suggested to cash in on the spot goods in batches when they rise, and wait for another layout.

usdt：

The price of usdt has stabilized for the time being. Once the market hits bottom and more people buy u, the price will continue to rise. It is still a good choice to buy some u and keep it.

The above analysis is for reference only and does not constitute investment advice!