BiyaPay Analyst: Fed Hawkish Comments Persist, Bitcoin May Face Another Round of Decline

BlockBeats News, September 23rd. The internal division within the Federal Reserve regarding interest rate cuts intensified, with multiple officials delivering speeches on the same day, significantly impacting market expectations.

Cleveland Fed President Hamack stated that the inflation level remains significantly above the 2% target, and the Fed must be "very cautious" when exiting restrictive policies. She warned that premature rate cuts could lead to the economy overheating again. St. Louis Fed President Musallam and Atlanta Fed President Bostick also expressed similar views, all believing that there is limited room for further rate cuts.

In contrast, the newly appointed Fed Governor Milan took a more dovish stance, calling for rapid rate cuts in the coming months to alleviate employment pressure. Against the backdrop of officials collectively adopting a hawkish tone, market confidence is being tested. Bitcoin once again experienced a sharp decline, falling from 115,400 to around 111,400, currently hovering around 112,000. BiyaPay analysts pointed out that short-term volatility is expected to intensify. If macro expectations continue to be under pressure, Bitcoin's later decline is expected to further expand. In terms of strategy, investors need to maintain a cautious stance, with key resistance levels to watch being the range of 114,000–114,500, while key support rests around 107,000.

Although the prices of some altcoins have risen recently, trading volume has continued to decline, indicating a weakening market activity. Investors should not blindly chase highs and should focus on risk management and return balance. Meanwhile, BiyaPay has supported zero-fee trading spot contracts and allows direct investment in US and Hong Kong stocks using USDT, providing investors with more convenience and flexibility in their global market strategies.