A major drop is coming

On May 8th, Powell is likely to make hawkish remarks!

Now the media is spreading that Powell is going to 'hawk', and the market is likely to start dropping early; it may begin to fall on Tuesday or Wednesday, and could drop the most on Thursday during the press conference.

Moreover, recently the U.S. employment data has been relatively stable, with the unemployment rate and non-farm data not showing major issues.

After the last speech, the U.S. stock market fell by 2%.

This time, Bitcoin could drop by $2000-3000, falling to around $93,000 - $94,000, with a limit of around $82,000 - $86,000.

Currently, it seems very likely that the Federal Reserve will announce an interest rate cut in September this year.

The probability of a rate cut in September is higher than in May and June.

Old Powell will not step down before September; gold will enter a volatility range from May to September.

Cutting rates too quickly may not be a good thing, so a rate cut does not equal a rise! Because cutting rates too quickly can cause inflation problems.

If you're interested, you can check out my previous posts.

Thoughts shared before Powell's speech on May 8th.

Around $94,700-$95,000; if it holds steady,

it won't drop further and will start to rebound, making it a good entry point for buying.

Wait until it rises above $97,000, then sell to short, operating back and forth in this range to capture the price difference during the volatile market.