$BTC $UNI I actually don’t think this pause in rate hikes is good news at all. Just now I was chatting with a friend about it—the truth is, I was hoping the rate hike would be carried out immediately this time. With the decision to hold steady for now, it’s essentially like the market will drag out the suspense until August, and then continue to debate whether another rate hike will happen in September. If the market broadly believes that at least one more round of rate hikes is still coming this year, then the likelihood of a rate hike in September naturally increases significantly simply because this month’s hike doesn’t materialize for so long. Until that hanging “rate-hike shoe” actually drops, it’s basically difficult for risk assets to break upward in terms of price action.