Fed Maintains Interest Rates Unchanged, BTC Enters Extremely Weak State!

Don't mistake rebounds for reversals; in bear markets, the main strategy remains selling on rebounds. Many people believe short-term rebounds signal the beginning of a bull market, citing "Bitcoin ETF has absorbed funds for 5 consecutive days," "institutional capital driving," and "BlackRock ETF ranks fourth globally." These are tangible positive funding factors that provide market support, resulting in a slow rebound.

As expected, the Fed held its meeting early this morning with no changes, maintaining the target range for the federal funds rate unchanged. The dot plot indicates policymakers expect only one rate cut (25 basis points) in 2026, consistent with December's forecast. More critically, Fed Chair Powell acknowledged in the press conference that uncertainties brought by the Iran conflict make the policy path "highly uncertain," with economic impacts potentially "much smaller or much larger," and no one truly knows. The Fed's latest forecast raises year-end PCE inflation to 2.7%, higher than the previous 2.4% expectation, with core inflation also rising, reflecting concerns about energy price increases embedded in the decision-making framework. Powell emphasized that the Fed's current stance is "good," and it will decide next steps based on data and risk balance. However, he also mentioned the possibility of rate hikes in the future, while not the baseline scenario, has been discussed by some officials.

Currently, BTC shows a downtrend with strong selling pressure evident on the charts, particularly from daily long bearish candles and extremely low trading volume. Overall market lacks sufficient buying support. Despite short-term rebound fluctuations, the lack of trading volume momentum leads to further declines.

BTC Operation Suggestion: Short at 714-718, Target 695 break to see 688-681, Defend 725$BTC ‌$ETH ‌#比特币支撑阻力位分析