Fed Minutes Reveal Hawkish Tone! $BTC – How Much Longer Can It Hold?



Folks, the Fed's June meeting minutes were released last night. On the surface, rates were held steady, but underneath, currents are churning.

Key Points:
The minutes show unanimous support for holding rates, but cracks are emerging internally – a few officials argued that there were already grounds for a rate hike in June. The dot plot shows nine officials expect at least one rate hike this year. The AI investment boom, Middle East tensions, and tariffs are becoming new inflation risks. After the minutes were released, BTC dropped 2.7% to $62,240 – as long as rate hike expectations remain unresolved, it's a sword hanging overhead.

Technical Analysis:
The current price has broken below the BOLL middle band. RSI 1 at 32.11 is approaching oversold territory.

Upper resistance: $62,123; strong resistance $62,600.
Lower support: $61,648; if lost, look to $61,300.

Gongming's View:
The minutes are hawkish, coupled with escalating U.S.-Iran conflict pushing oil prices higher and a semiconductor stock rout weighing on risk sentiment. Short-term BTC is under pressure. Technically, the bearish arrangement holds – any bounce is an opportunity to open shorts.

Trading Strategy:
Conservative: wait for a bounce to around $62,000-$62,100 to go short. Aggressive: go short near current price of $61,800.

When the Fed starts seriously discussing rate hikes, don't fight the trend.

#美国比特币ETF净流入4026枚BTC
BTC1.73%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned