The Federal Reserve Maintains Interest Rates Unchanged, BTC Enters Extremely Weak State!

Don't mistake rallies for reversals; the bear market remains focused on rallying and shorting. Many people believe that short-term rallies signal the beginning of a bull market from "Bitcoin ETF attracting capital for 5 consecutive days," "institutional funds driving momentum," "BlackRock ETF ranks fourth globally"—these are concrete positive catalysts that provide market support, leading to slow rallies.

As expected, the Federal Reserve held its meeting early this morning and kept the federal funds rate target range unchanged. The dot plot shows policymakers expect only one rate cut (25 basis points) in 2026, consistent with December's forecast. More critically, Chairman Powell acknowledged in the press conference that the uncertainty brought by the Iran conflict makes the policy path "highly uncertain," with economic impacts potentially "much smaller or much larger"—nobody truly knows. The Fed's latest forecast raised year-end PCE inflation to 2.7%, higher than the previous expectation of 2.4%, while core inflation also rose, reflecting concerns about energy price increases embedded in the decision-making framework. Powell emphasized that the Fed's current stance is "well-positioned" and will determine next steps based on data and risk balance, though he also mentioned that while raising rates as "the next step" is not the baseline scenario, it has been discussed by some officials.

Currently, BTC shows a downtrend with strong selling pressure visible on the chart, particularly with daily long bearish candles formed and extremely shrinking trading volume. The overall market lacks sufficient buying support. Despite short-term rally fluctuations, the lack of volume in rallies causes further declines.

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