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- Hey Square fam! How many Alpha points have you racked up lately?
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Dare to trade. Dare to win.
Powell will be on a rampage tonight!!!
On the eve of the interest rate meeting, the market is in a state of anxiety! No one dares to take any action, and the Bitcoin market seems to be at a standstill, but the results will be announced tonight. Powell will give a speech at 2:30. Will this be a positive news?
According to the latest interest rate expectations, the probability of a rate cut this time is basically zero. So I hope that Trump’s pressure can get the brothers in Congress to sit down, don’t get too excited~ However, the focus of this meeting is to signal for the next time, starting the first rate cut of this year~ I feel the probability is still quite high.
I personally plan to lighten my positions on rallies. Several whales I am watching are reducing their holdings. It is very likely that the market will correct in August!