Data is stable. Will the price go down?

Information summary:

The Fed kept the benchmark interest rate unchanged at 4.25%-4.50%, and did not make a rate cut decision for four consecutive meetings, which was in line with market expectations. The Fed said that uncertainty about the outlook has eased, but it is still at a high level. The Fed lowered its GDP forecast for 2025 to 1.4%, while raising its inflation forecast to 3%.

The Fed kept interest rates unchanged, which may suggest that the pace of future rate cuts will slow down.

Market analysis:

From the current 4-hour chart:

The price has fallen below the key support level of 3380. If it returns to below 3370 again, it is very likely to reach today's low. The low point of the downward trend is at the extreme position of 3350-3330.

From the hourly chart, the downward range has also been broken. The early rebound in the Asian market also failed to stabilize above the support level. Then from the hourly Fibonacci, the 0.382 position below is around 3350.
Therefore, if it goes down, the first target is also around 3350.

Operation strategy:

Short around 3380, stop loss at 3390, profit range 3350-3330.