Cover image via U.Today

封面圖片來自 U.Today

Dogecoin (DOGE), the largest meme cryptocurrency, has formed a head and shoulders pattern, according to a recent update shared by cryptocurrency trader Josh Olszewicz.

根據加密貨幣交易員 Josh Olszewicz 最近分享的最新消息，最大的迷因加密貨幣狗狗幣（DOGE）已經形成了頭肩形態。

$DOGEH&S watch pic.twitter.com/Usic42g2ey— #333kByJuly2025 (@CarpeNoctom) April 25, 2024

$DOGEH&S 觀看 pic.twitter.com/Usic42g2ey—#333kByJuly2025 (@CarpeNoctom) 2024 年 4 月 25 日

The popular reversal pattern is often used by traders to identify the advent of a downtrend. The reversal point on the left side of Olszewicz's chart is known as "the left shoulder." The high point is known as "the head" of the pattern. The right shoulder represents another reversal point, which comprises the neckline together with the other reversal point on the left.

交易者經常使用流行的反轉模式來識別下降趨勢的出現。奧爾謝維奇圖表左側的反轉點被稱為「左肩」。高點稱為形態的「頭部」。右肩代表另一個反轉點，它包括頸線和左側的另一個反轉點。

The price of Dogecoin could potentially break the neckline, thus forming a lower low. In such a case, the bearish pattern would be considered to be complete. This price pattern essentially shows the loss of bullish momentum when the price fails to make a higher high.

狗狗幣的價格可能會突破頸線，從而形成更低的低點。在這種情況下，看跌形態將被視為完整。這種價格模式本質上表明，當價格未能創造更高的高點時，看漲勢頭就會喪失。

At press time, Dogecoin is changing hands at $0.15 on major spot exchanges. The coin is down more than 4.2% over the past 24 hours, performing in line with the rest of the cryptocurrency market.

截至發稿時，狗狗幣在主要現貨交易所的易手價格為 0.15 美元。該代幣在過去 24 小時內下跌超過 4.2%，與加密貨幣市場的其他表現一致。

Bitcoin plunges as rate cut odds dwindle

隨著降息可能性減小，比特幣暴跌

Earlier today, Bitcoin, the top cryptocurrency, briefly dipped below the $63,000 level before recovering to $63,622.

今天早些時候，頂級加密貨幣比特幣短暫跌破 63,000 美元，然後回升至 63,622 美元。

According to analytics firm Fitch, a potential Fed rate cut could be out of reach this year following recent economic data that shows slowing GDP growth and growing inflation in the U.S. The firm said, "The hot inflation print is the real story in this report. If growth continues to slowly decelerate, but inflation strongly takes off again in the wrong direction, the expectation of a Fed interest rate cut in 2024 is starting to look increasingly more out of reach."

分析公司惠譽表示，最近的經濟數據顯示美國國內生產毛額成長放緩和通膨不斷上升，聯準會今年可能無法降息。緩慢減速，但通膨再次朝著錯誤的方向強勁上漲，那麼美聯儲在2024 年降息的預期開始變得越來越遙不可及。

Futures traders are now pricing in zero rate cuts for 2024 in a stunning reversal. Earlier, the Fed was expected to cut rates three times this year.

期貨交易商目前的定價出現了驚人的逆轉，即 2024 年將實施零利率。此前，聯準會預計今年將降息三次。

The hawkish U-turn is unlikely to bode well for cryptocurrencies (especially meme coins). Risk assets are known to benefit from a loose monetary policy, which does not seem to be on the menu in 2024.

對於加密貨幣（尤其是迷因幣）來說，鷹派的大轉變不太可能是好兆頭。眾所周知，風險資產會受益於寬鬆的貨幣政策，但這似乎不會出現在 2024 年的菜單上。