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Recently, there have been positive signals in Sino-US relations, with both countries issuing a joint statement indicating a easing of trade tensions. This significant development has attracted close attention from the financial markets, particularly regarding the expectations for the direction of the Federal Reserve's monetary policy. Several major financial institutions on Wall Street and interest rate market traders have quickly adjusted their predictions regarding the timing of the Federal Reserve's interest rate cuts. The overall trend shows that the market generally believes the Federal Reserve will delay its rate cut actions. Goldman Sachs and Barclays made the most significant adjustments, pushing back the expected timing of the first interest rate cut of the year from July to December. Citibank also adopted a similar conservative stance, delaying the rate cut expectation from June to July. JPMorgan has postponed its originally expected September rate cut to the end of December. At the same time, Deutsche Bank maintained a relatively stable position. They upheld their original assessment, expecting the Federal Reserve to implement its first rate cut in December and to make two additional cuts in the first quarter of 2026, each by 25 basis points. These anticipated changes reflect a reassessment of the economic outlook and inflation pressures by the financial markets. The improvement in Sino-U.S. trade relations may have a positive impact on the economy, thereby reducing the necessity for the Federal Reserve to rapidly cut interest rates. However, despite most institutions delaying their interest rate cut expectations, they still believe that the Federal Reserve will begin a rate cut cycle within the next year. This indicates that the market still expects the U.S. economy may face some downward pressure, necessitating support from monetary policy. As economic data continues to be updated and geopolitical situations change, market expectations regarding Federal Reserve policies may be further adjusted. Investors and policymakers will closely monitor economic indicators in the coming months to better predict the Federal Reserve's next steps.

This Wednesday, the cryptocurrency market experienced a day of volatility. Daytime trading showed a range-bound oscillation until a significant rise occurred after the US stock market opened. Market analysts predict that a pullback may occur near midday in the early session, mainly due to strong resistance above and relatively weak bullish momentum. However, bearish forces are also not very pronounced, so a slight pullback may occur. Investors need to closely monitor the performance of the support level below to avoid risks from a substantial pullback. The evening market showed significant fluctuations as expected, presenting an upward trend. This wave of market has brought profit opportunities for many investors. Due to the small fluctuations during the day, many traders chose to build positions with multiple small trades. In the evening market, Bitcoin rose over 1000 points, and Ethereum's increase approached 200 points. Although there were slight losses during the day, the overall profit was still maintained. In the current market situation, investors should not rush to act. Although the long-term outlook is bullish, caution is needed in the short term. Bitcoin faces strong resistance around $113,000, while Ethereum encounters resistance at $4,500. Given that the current prices are close to these resistance levels, investors should closely monitor for potential pullbacks after the close of the U.S. stock market. It is recommended to pay attention to the support levels of Bitcoin at 111000 and 110000 USD, as well as the support performance of Ethereum at 4400 and 4350 USD. Looking for suitable entry points at these key positions may be a wise choice. For Bitcoin, consider establishing long positions in the range of 111300-111800 USD, targeting 113000 USD, with a stop loss set around 110700 USD. For Ethereum, positions can be built in the range of 4390-4430 USD, targeting 4500 USD, with the stop loss around 4350 USD. Overall, the current market is showing a fluctuating upward trend. Investors need to remain vigilant, closely monitor market movements, manage risks appropriately, and seize potential investment opportunities.