Two heavyweight news, tonight will not be calm.

Key point 1: This morning, tariffs showed a super favorable trend, as China is willing to start talks with the U.S., causing the cryptocurrency market and U.S. stock futures to surge by 5%. Plans can't keep up with changes, and unexpected good news has come. However, as we mentioned yesterday, ETH was expected to see a small rebound around 1750, and the point was accurate. It indeed rebounded, but this rebound was somewhat excessive due to the favorable news. For those holding spot or long positions who haven't exited yet, it might be a good idea to take some profits.
Key Point 2: The Federal Reserve is holding a meeting tonight, results will be announced at 2 PM, and Powell will start speaking at 2:30 PM. The May results show a 100% chance of no rate cut, and the main focus of the meeting is Powell's outlook for June at 2:30 PM. Will there be a rate cut in June? Powell's words represent the uncertainty of the market.
Currently, based on interest rate market data, Powell has suggested a 70% probability of not lowering interest rates in June, with a 30% probability of a rate cut. Therefore, the likelihood of a bearish outcome is relatively high, but not 100%. I think we can completely take advantage of the current favorable high point to exit and adopt a wait-and-see approach to avoid risks. If anyone really wants to speculate, they can take a low-leverage short position, as the risk-reward ratio is still decent. Don't forget to pay attention to Da Meng, I will provide timely updates tonight~

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