Cover image via U.Today

封面图片来自 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.

根据加密货币交易员 Josh Olszewicz 最近分享的最新消息，最大的模因加密货币狗狗币（DOGE）已经形成了头肩形态。

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

$DOGEH&S 观看 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.

交易者经常使用流行的反转模式来识别下降趋势的出现。奥尔谢维奇图表左侧的反转点被称为“左肩”。高点被称为形态的“头部”。右肩代表另一个反转点，它包括颈线和左侧的另一个反转点。

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.

狗狗币的价格可能会突破颈线，从而形成更低的低点。在这种情况下，看跌形态将被视为完整。这种价格模式本质上表明，当价格未能创出更高的高点时，看涨势头就会丧失。

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.

截至发稿时，狗狗币在主要现货交易所的易手价格为 0.15 美元。该代币在过去 24 小时内下跌超过 4.2%，与加密货币市场的其他表现一致。

Bitcoin plunges as rate cut odds dwindle

随着降息可能性减小，比特币暴跌

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

今天早些时候，顶级加密货币比特币短暂跌破 63,000 美元，然后回升至 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."

分析公司惠誉表示，最近的经济数据显示美国国内生产总值增长放缓和通胀不断上升，美联储今年可能无法降息。该公司表示，“这份报告中的真实情况是通胀升温。如果经济增长继续缓慢减速，但通胀再次朝着错误的方向强劲上涨，那么美联储在 2024 年降息的预期开始变得越来越遥不可及。”

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.

期货交易商目前的定价出现了惊人的逆转，即 2024 年将实行零利率。此前，美联储预计今年将降息三次。

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.

对于加密货币（尤其是模因币）来说，鹰派的大转变不太可能是好兆头。众所周知，风险资产会受益于宽松的货币政策，但这似乎不会出现在 2024 年的菜单上。