1) Last night's speech by Powell roughly meant:

The Federal Reserve does not need to push the inflation target below 2%; returning to 2% is sufficient to stop tightening (currently at 2.3%, close to the target).

In this round of interest rate cuts, monetary policy will be more accommodative (more funds will flow in).

The expectation for rate cuts has been adjusted to only once this year, and that will be in December. (I believe the expectation has been extended; a sudden rate cut would be a big positive).

2) FTX Recovery Trust will conduct its second distribution on May 30, distributing over $5 billion to creditors (this will bring new funds into the market, but since it's at the end of the month, we still need to wait).

3) Today at 16:00 on Friday, there will be options expiration around $100,000 (there will be more volatility around this time).

4) Pay attention to the Consumer Index at 22:00 tonight (data is favorable, with little volatility).

Yesterday, I mentioned that BTC and ETH were looking for liquidity, with ETH reaching a low of 2476, very close to my mention of 2460. BTC was said to look for liquidity at 100666, with a low of 101270, also very close.

I have previously mentioned that after looking for liquidity either up or down, a rebound or correction trend will quickly follow.

Today's market analysis:

BTC is in a bottom triangle breakout trend on the 1-hour and 4-hour charts.

BTC current price is 103900, looking at 106666, with support at 102500.

ETH current price is 2560, looking at 2666, with support at 2480.