$BTC the storm.

From the current market expectations, there is over a 90% chance that the Federal Reserve will not cut interest rates tonight. This expectation has been widely discussed and digested in the market; however, the next direction of the market will largely depend on the speech strategy of Federal Reserve Chairman Powell. In my personal view, there is a high likelihood that Powell will lean towards a hawkish stance in his speech. A hawkish speech usually implies a more optimistic outlook on the economy, which may suggest a tendency to raise interest rates in the future or at least a determination to maintain the current interest rate level.

In terms of the long-short game, the upward short liquidation has reached 98,500, involving an amount of 420 million; while the number of longs below is numerous, with 570 million able to be liquidated at the position of 95,500. Such a large-scale long-short liquidation shows a huge divergence among market participants. If Powell makes hawkish remarks, it $BTC