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Urgent notice, those who thought they could ride the wave of Ether's tenth anniversary and make some profits in this turbulent market have found that the whole day has been calm. Now, those who planned to wash up and sleep can get up. Today, the laid-back Lao Huang and most of those who received the news early are all waiting for the interest rate meeting at two o'clock and the speech from the old man at two thirty. So, the current market situation is unclear; it might be better to hold off for now and wait for the meeting results before making any moves, because entering the market at this moment means gambling at half odds.
If interest rates rise, it means that the borrowing cost of the US dollar increases, which will significantly impact both Bitcoin and Ethereum, as their high-risk nature determines that they are the first asset forms to be abandoned during fluctuations. If a large-scale market collapse occurs, the likelihood of a market plunge will be greatly increased; however, considering that the exchange rate of the US dollar will rise after interest rates increase, if large institutions operate to maintain market stability, the cost of purchasing Bitcoin and Ether will rise again. At that point, it will be the real start of the bull market to harvest shorts. Similarly, after a rate cut, we must consider that market funds will become more abundant, risk appetite will increase, and more funds will flow into the Bitcoin and Ether markets. More funds mean higher market prices, and it even has the potential to break through the $120,000 mark.