The Federal Reserve this time didn't explicitly turn dovish, but anyone with eyes can see that this round of interest rate hikes is almost over. The signs of inflation peaking are becoming more frequent, and the tightening rope will eventually loosen.
For our risk assets, the most painful time of liquidity has likely passed. As the most sensitive category to money, cryptocurrencies will definitely move first.
Market outlook: $BTC now retracing to around 87650, looks a bit pressured on the 4-hour chart, but I think this is actually a healthy "washout." The bottom support is very stable, and the selling pressure has been released almost completely. This kind of volume reduction repair on the hourly chart is not that the bulls can't do it, but that they are accumulating strength to find a new balance. Looking at the larger cycle, the upward channel since the beginning of the year is very stable.
Don't be scared by short-term pullbacks; every rational correction is aimed at pushing higher later. Time for space, the next round of market movement is brewing.
Operational suggestions:
$BTC : directly move around 87000, target looking at 92000
$ETH : directly move around 2900, target looking at 3200
The market is always born in despair, rising amidst hesitation; additionally, I am very optimistic about #Synbo , everyone should pay attention!
