No matter how we understand it, or whether we guess Powell's intentions correctly, it doesn't matter. What matters is how the market understands it, and the market's understanding has also shown two opposing aspects. From the bond market perspective, the 2-year U.S. Treasury bond has started to decline, and the extent of the decline is quite significant, indicating that the market expects the Federal Reserve will not maintain high interest rates for a long time.

BTC has been fluctuating around $102,000 for a long time, and there has been a buildup around $102,000 as the core. However, these investors are still mainly focused on short-term investments, which can currently form effective support. The most stable support level remains between $93,000 and $98,000.