Early morning interest rate meeting Interest rates meet expectations However, Powell's speech is hawkish Indicating that inflation is most likely influenced by tariffs Before the tariffs are fully implemented The Fed has no plans to cut rates in September Hawkish remarks caused the market to drop $BTC dipped to 115700 $ETH dipped to 3670 Neither broke the support levels given yesterday Then it was pulled back into the consolidation range The bottom support is still quite strong But breaking new highs isn't that easy It requires more favorable news to catalyze Otherwise, it can only continue to oscillate within the range From the early morning bottom support, it seems the whales are also waiting for news According to Powell's current statement, if tariffs stabilize, a rate cut may happen in September #RateCut #Tariffs #BTC #ETH