The expectation for the Federal Reserve tonight has already been predicted to be over 90% for no rate cut. As for how the market evolves, it still depends on Powell's speech strategy. However, I personally believe he will lean towards hawkish remarks. Whether to go long or short will depend on the market's reaction.

The upward short liquidation has reached a price of 98,500 with 420 million, while the downward long positions are very abundant at the 95,500 level, which can liquidate 570 million.

If it were me trading, I would first give a dovish speech tonight to attract long positions and liquidate the short positions around 97,800-98,300, then make a hawkish remark to directly kill the liquidity chasing the highs down to the 95,500 level. I'm asking you, are you in or not?