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https://www.gate.com/announcements/article/45974
Recently, there have been new changes in the international trade situation. Some tariff policies have been implemented, and the trade dispute between the United States and the European Union has basically come to a pause. However, both the U.S. and China have decided to extend negotiations for 90 days, which means that in the short term, the impact of the trade situation on the market may be limited.
Investors are now turning their attention to the upcoming Federal Reserve meeting. Although the likelihood of a rate cut in July is low, the market will closely watch Fed Chairman Powell's speech for signals of a potential rate cut in September.
In the early trading this week, the market showed a trend of stabilization and recovery. If it can hold above 4000 points and attempt to break through 4100 points, altcoins are expected to rise as well. Although it is unfortunate not to have bought Litecoin (LTC) at the 105 dollar position, Dogecoin (DOGE) has already found support in the 0.2-0.23 dollar range.
Overall, the current market is at a critical moment, and investors need to closely monitor the Federal Reserve's policy direction and the price trends of major cryptocurrencies in order to make informed investment decisions.