On May 8, Powell's 'hawkish voice' is coming, and the market is stirring again! Seize the volatility and explore wealth opportunities.
Dear investors, a storm in the financial markets may be approaching! On May 8, the speech by Federal Reserve Chairman Powell could become the 'turbulent waves' of the market, leading to violent fluctuations in prices. According to the current market trend, Powell is very likely to make hawkish remarks, and this signal has already put the market on high alert. Starting from Tuesday, there may be signs of a downturn, with the decline potentially being most severe on the day of the press conference, Thursday.
Meanwhile, the U.S. job market has recently shown relative stability, with no obvious negative signals in the unemployment rate and non-farm payroll data. This relative stability in the economic fundamentals may provide support for Powell's hawkish remarks. After Powell's last speech, U.S. stocks experienced a 2% drop, and this time, the Bitcoin market may face more severe fluctuations, with expected declines potentially reaching $2,000 to $3,000, and prices possibly dipping to around $93,000 to $94,000, or even in extreme cases, falling to the range of $82,000 to $86,000.
However, the market is not entirely pessimistic. According to current analysis, the probability of the Federal Reserve announcing a rate cut in September this year is quite high, with this timeframe's probability much greater than that of May and June. It is unlikely that Powell will resign before September, which means that during this time, the gold market may enter a range of fluctuations. However, it should be noted that a rate cut does not necessarily mean the market will rise immediately, as too rapid a rate cut could trigger new inflation issues, leading to complex effects on the market.
For investors, this is a period full of challenges but also containing opportunities. Before Powell's speech on May 8, we can lay the groundwork in advance, looking for opportunities in market fluctuations. If the Bitcoin price can stabilize around $94,500 to $95,000 without falling further, it may be a signal for a rebound, and one could consider entering the market. When the price rises to around $97,000 to $97,900, then consider closing the long position and switching to short. By operating back and forth within this range, we may capture the volatility and profit from the price differences.
Friends, the ever-changing winds of the market are always filled with uncertainty, but it is precisely this uncertainty that brings us opportunities for wealth. Pay attention to Powell's speech on May 8, prepare in advance, and we may find our own path to wealth amid the market's fluctuations. If you are interested in this market volatility or want to learn more analysis and strategies, feel free to follow my subsequent shares, and let's search for treasure in the waves of the financial market together!
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