At dawn, the Federal Reserve announced a 25-basis-point rate hike, which is bearish. However, the market did not continue to make new lows. The reason is that the market had already priced in the sentiment in advance. Then, the subsequent comments from Waller were relatively neutral—vague and ambiguous, and he did not clearly point out the focus for future developments.
In terms of price action, the “bread” stabilized again at 75,000 in the early hours, and “Auntie” also stabilized above 2,360. Most importantly, the key support level has not been broken. Also, there’s a hint of a small double-bottom pattern below. So, “Xiaoha” will continue to look for “duo.” “Bu’s duo” is also to be held for now—waiting for the market to develop further!
In terms of price action, the “bread” stabilized again at 75,000 in the early hours, and “Auntie” also stabilized above 2,360. Most importantly, the key support level has not been broken. Also, there’s a hint of a small double-bottom pattern below. So, “Xiaoha” will continue to look for “duo.” “Bu’s duo” is also to be held for now—waiting for the market to develop further!
