Last night, Powell delivered remarks about hawkish policy—and he made it very clear in his tone!
Inflation isn’t low enough yet, and the 2% target won’t change. If core inflation returns to 2% quickly, the Fed still has a lot of work to do, and he doesn’t think the current financial conditions are tight enough.
After he finished speaking, the market started repricing: expectations for a September rate hike heated up, the 2-year Treasury yield surged, the US dollar strengthened, and gold took a sharp plunge.
Powell’s comments this time have indeed increased the pressure for BTC to pull back. Next, we’ll see whether BTC can hold key support levels, whether the decline comes with higher volume, and whether capital is withdrawing.
As for the later entry points and key levels, Jiaqi will share them in the chat room in a timely manner. If you want to jump on and take a bite, come on in!
#美联储9月加息概率升至57% #比特币24小时跌3.4%至7.74万美元
Inflation isn’t low enough yet, and the 2% target won’t change. If core inflation returns to 2% quickly, the Fed still has a lot of work to do, and he doesn’t think the current financial conditions are tight enough.
After he finished speaking, the market started repricing: expectations for a September rate hike heated up, the 2-year Treasury yield surged, the US dollar strengthened, and gold took a sharp plunge.
Powell’s comments this time have indeed increased the pressure for BTC to pull back. Next, we’ll see whether BTC can hold key support levels, whether the decline comes with higher volume, and whether capital is withdrawing.
As for the later entry points and key levels, Jiaqi will share them in the chat room in a timely manner. If you want to jump on and take a bite, come on in!
#美联储9月加息概率升至57% #比特币24小时跌3.4%至7.74万美元
