The results of the interest rate meeting have been reflected in the market. Not much different from what I said last night. As shown in the picture. There have been two interest rate cuts within the year, and it is unlikely that there will be a rate cut in May. It is believed that the previous data shows that inflation is indeed on the way down, but it may be due to tariffs that the inflation data in May may be higher. This is Trump's tariff policy, which is not clear at present, and needs to be seen further. The US economy is not currently in recession, but there may be a slowdown. For reducing the balance sheet, I chose to slow down the reduction. I remember reducing it once last year and announcing that the reduction would start from June 2024. Reduce the reduction rate of US Treasury bonds from $60 billion per month to $25 billion per month, and maintain the reduction rate of mortgage-backed securities at $35 billion per month. Starting from April 1, 2025, the limit for reducing holdings of US Treasury bonds will be slowed down from $25 billion per month to $5 billion per month, while the limit for reducing holdings of MBS will be maintained at $35 billion per month. It can be considered as reducing the extraction of water from the market, which is a short-term benefit. It's equivalent to what I said last night about 'neutral leaning eagle with pigeon pie', and the price has also rebounded. Don't criticize me for speaking and practicing Tai Chi. It's mainly Lao Bao who practices Tai Chi, there's nothing I can do 😄 When it comes to the price of BTC, my friends have noticed that there seems to be resistance when 87500 does not break through. Let's take a look at the URPD data, and indeed, there is pressure level at 87700. To be honest, the current mood has improved, and the inflow of ETFs on the 19th should be good data. I am really looking forward to tonight's US stock market to see if it can continue to rebound, made， Don't mess with Trump. Fuck