Printed 3500, returned some blood with $TREE and $ASP. Last night, friends in the fomc group were very anxious, which is an extension of the recent volatility in the market. 8:30: GDP data indicates economic resilience, while PCE data shows that inflation caused by tariffs is also being suppressed, moving towards 2%. Thus, judging that the macro data is good, this data will be dovish, providing a conditional path for interest rate cuts. 2:30: A female group member was anxious and couldn't sleep, fearing that Powell would trigger stop losses. I started simultaneous translation, interpreting Powell's speech with my own understanding. Overall, it was hawkish, refusing to provide a conditional path for interest rate cuts. 3:00: The speech ended. From his responses, I felt that the logic in each fomc response recently has been the most chaotic this time. Moreover, the reasoning for not cutting rates and for cutting rates was very forced, indicating that Powell's bottom line is to maintain the independence of the Federal Reserve. These will trigger market reflexivity, and the lack of rate cuts in July is fully priced in. Powell will face various torments from the understanding king in the next two months. Last night, I opened a long position on $ETH at 3717, while group members were even more aggressive, opening long positions on $ENA, reaping the rewards in the morning. This was the most profitable macro trade, earning over 100 $ETH, with verifiable results, never a hindsight call. The rest is left to the atmosphere group.
Show original
30.13K
31
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.