Federal Reserve Meeting Concludes, No Rate Cut in May as Expected, Crypto Price Adjusts
No need to elaborate, as I mentioned to everyone yesterday afternoon: No rate cut in May, following the script of escaping the top and going short, the market follows the plan, and crypto prices fall as expected.
The key now is Powell's speech at 2:30, focusing on his attitude towards June rate cuts. Currently, market expectations are 70% hawkish, 30% dovish, leaning towards no cut. For high-leverage friends, if worried about volatility, you can choose to take profit on short positions and control risk. Next, we'll see how his "verbal artillery" guides the market direction.
Bitcoin Breaks Through $98,000, Technical Analysis Verified Again?
After the Federal Reserve maintained rates as expected, the market quickly reacted, and Bitcoin subsequently broke through $98,000. Although no rate cut in May is now certain, traders generally anticipate a turning point in July and expect three rate cuts this year.
This reflects the market's high trust in data analysis results - rational judgments derived from statistical and probabilistic reasoning. Ironically, many are skeptical of technical analysis. In fact, technical analysis also relies on statistical logic, offering another way to observe market "signals". Just as different people can interpret the same information differently, technical indicators are tools, with the key being the user's perception and experience. The core of financial markets is never about predicting everything, but about establishing a system of adaptability and rational response. Only by continuously improving understanding and practical skills can one maintain stability and capture opportunities in volatility.
Midnight Crash: Retail Investors' "Ambush" Nightmare
In the early morning, Solana chain's new token $Mikami quietly went online, with the official announcement of airdrop according to pre-sale order, with an initial market value of $16.9 million. But the good times were short-lived, as the token plummeted upon opening, dropping from $0.245 to $0.1. At 4 AM, the community was in an uproar, claiming it "crashed immediately", with a 60% drop. By morning, its market value had shrunk to $7.8 million, nearly quartered, suffering a "ten-fold to zero" fate.
The $3.46 million invested in pre-sale now remains only $1.56 million, requiring more than a double in market value to break even. Worse, only 15% liquidity caused price volatility on DEX, like an "unbridled wild horse". Many X users questioned if it was a "Chinese plate", accusing the project team of launching at midnight to avoid active retail investor periods and seize the opportunity to sell. One user angrily criticized: "The routine is too familiar, project leaders running away in the middle of the night while retail investors are still dreaming."
The $Mikami Crash, Ringing Alarm Bells for Both Investors and Celebrities:
For fans, meme coins are more like entertainment consumption, not rational investment, and funds should be approached as cautiously as "tipping an idol"; for celebrities, high returns hide enormous reputation risks. Mikami's silence has not quelled doubts but instead intensified the trust crisis. For the crypto world, only by improving transparency, enhancing liquidity, and strengthening utility can they truly escape accusations of being a "money-grabbing game".
