The shoes have landed
The Federal Reserve has raised rates by 25 basis points
It is expected there will be one more hike within the year
The next rate decision will be in October
Maintain unchanged in 2027
Consider a rate cut after 2027
Bitcoin (the big pie) and Ethereum are still very strong
Two consecutive negative factors
But it still didn’t push the price down
Currently, Bitcoin is receiving strong support at the 5-day moving average MA62, around the 65,000 level
Ethereum is even stronger; even the Fibonacci level at 2350 hasn’t been broken
Two consecutive negative factors didn’t cause a major dip, which shows the bulls are still strong
As long as Bitcoin reclaims 66,500, the uptrend will restart
This year, although there will still be one more rate hike, it will be in October
There is still plenty of time
Also, before the rate hike, I’ve mentioned repeatedly
Rate hikes increase the risk of U.S. Treasury bonds
If the U.S. Treasury defaults, the credibility of the dollar will decline
Then funds will seek hedging targets
Commodity markets priced in USD will rise due to the reduced dollar credit
So, for Bitcoin, rate hikes are both good and bad
At least Bitcoin, as digital gold, has a need for hedging against risk
Currently, from the 5-day line and on a higher time-frame technical view, Bitcoin and Ethereum still look like a bullish pattern
So the main focus remains going long $BTC
The Federal Reserve has raised rates by 25 basis points
It is expected there will be one more hike within the year
The next rate decision will be in October
Maintain unchanged in 2027
Consider a rate cut after 2027
Bitcoin (the big pie) and Ethereum are still very strong
Two consecutive negative factors
But it still didn’t push the price down
Currently, Bitcoin is receiving strong support at the 5-day moving average MA62, around the 65,000 level
Ethereum is even stronger; even the Fibonacci level at 2350 hasn’t been broken
Two consecutive negative factors didn’t cause a major dip, which shows the bulls are still strong
As long as Bitcoin reclaims 66,500, the uptrend will restart
This year, although there will still be one more rate hike, it will be in October
There is still plenty of time
Also, before the rate hike, I’ve mentioned repeatedly
Rate hikes increase the risk of U.S. Treasury bonds
If the U.S. Treasury defaults, the credibility of the dollar will decline
Then funds will seek hedging targets
Commodity markets priced in USD will rise due to the reduced dollar credit
So, for Bitcoin, rate hikes are both good and bad
At least Bitcoin, as digital gold, has a need for hedging against risk
Currently, from the 5-day line and on a higher time-frame technical view, Bitcoin and Ethereum still look like a bullish pattern
So the main focus remains going long $BTC
