The press conference of Federal Reserve Chairman Powell has concluded, and his remarks were generally neutral, although his stance appeared slightly hawkish.

Powell repeatedly elaborated on topics such as tariffs, inflation, and unemployment rates, yet he never provided a clear stance, with the entire atmosphere permeated by a sense of 'waiting'.

He clearly stated that the Federal Reserve would lower interest rates before July; regarding the market's heated discussions about two rate cuts in March, he said that relevant information would not be announced until June, which indirectly suggests that the possibility of a rate cut in June is minimal.

As a result, U.S. stocks and the cryptocurrency market did not show any significant signs of increase or decrease due to Powell's remarks, and we will need to continue observing the market's reaction to his statements.

Currently, the market environment in May is not optimistic. In the absence of interest rate cuts, government and corporate bonds are maturing, and various assets will face capital withdrawal, leading to increasingly weak market liquidity.

In this situation, even if U.S. stocks seem to rally, it may just be a façade, and it is likely to be followed by a liquidity escape.

Therefore, investors in May must remain vigilant and pay attention to capital safety.