Investors Await Federal Reserve's Meeting Outcomes

投資者等待聯準會會議結果

Market uncertainty prevails ahead of the impending Federal Reserve meeting, prompting investor anxiety and cautious sentiment. Bitcoin's price has been confined within a narrow range, reflecting this hesitation.

在聯準會會議即將召開之前，市場不確定性普遍存在，引發投資人焦慮和謹慎。比特幣的價格一直被限制在一個窄幅區間內，反映了這種猶豫。

Bitcoin Price Movement

比特幣價格走勢

Bitcoin currently trades between $69,582 and $69,139, indicating risk aversion among investors. Trading volumes have declined, particularly after the release of underwhelming Non-Farm Payroll figures.

比特幣目前交易價格在 69,582 美元至 69,139 美元之間，顯示投資者規避風險。交易量有所下降，特別是在公佈令人失望的非農就業數據之後。

Anticipation of the Federal Reserve's interest rate announcement suggests unchanged rates, effectively eliminating expectations for rate cuts before December. This has also diminished confidence in a 75 basis point reduction by the end of 2024.

聯準會宣布利率的預期暗示利率不變，有效消除了12月之前降息的預期。這也削弱了人們對 2024 年底降息 75 個基點的信心。

If Bitcoin falls below $68,500, further corrections may ensue, potentially leading to more significant declines. This level has emerged as a crucial support point for investors.

如果比特幣跌破 68,500 美元，可能會進一步調整，可能會導致更大幅度的下跌。這一水準已成為投資者的關鍵支撐點。

Cryptocurrency Market Observations

加密貨幣市場觀察

The cryptocurrency market has experienced weak investor interest, with total trading volume declining to $53 billion in the past 24 hours. Bitcoin's market dominance has increased to 54%, while overall market capitalization has dropped to $2.53 trillion, signaling heightened volatility as the Fed meeting approaches.

加密貨幣市場投資者興趣疲軟，過去 24 小時內總交易量降至 530 億美元。比特幣的市場主導地位已升至 54%，而整體市值已降至 2.53 兆美元，這表明隨著聯準會會議臨近，波動性加劇。

Several cryptocurrencies have faced sharp declines this week, with TIA, BEAM, LDO, CHZ, FET, AR, PEPE, AGOX, and SNX Coin losing nearly 20% weekly. Meme coins, particularly PEPE Coin, have witnessed accelerated sell-offs, shedding 8% of their value in the past day.

幾種加密貨幣本周遭遇大幅下跌，TIA、BEAM、LDO、CHZ、FET、AR、PEPE、AGOX 和 SNX Coin 每週下跌近 20%。 Meme 幣，尤其是 PEPE 幣，經歷了加速拋售，在過去一天貶值了 8%。

Investor Implications

對投資者的影響

• Monitor Bitcoin's $68,500 support level for indications of potential corrections.
• Anticipate increased volatility as the Fed meeting nears.
• Consider the impact of low trading volumes on market liquidity and price stability.
• Observe movements in meme coins as potential gauges of broader market sentiment.

In summary, investor caution prevails as markets await the Federal Reserve's decisions. Both Bitcoin and the cryptocurrency market are likely to experience heightened volatility, necessitating vigilant monitoring in the coming days.

監控比特幣68,500 美元的支撐位，尋找潛在修正的跡象。將其作為更廣泛市場情緒的潛在指標。比特幣和加密貨幣市場都可能經歷劇烈的波動，因此需要在未來幾天保持警惕的監控。