Something big has happened! Powell's speech tonight has decided the fate of the crypto market! Will all contract traders be wiped out?
Continue to raise interest rates to combat inflation, $BTC may crash suddenly, altcoins are plunging collectively. If he changes his tune and admits the economy can't withstand it, interest rates may be cut, BTC could surge, and altcoins like SOL might follow suit and recover, giving those who are trapped a chance to breathe.
The most worrying thing is if he plays Tai Chi, making decisions based on data while keeping flexible. The market is stagnant but undercurrents are surging, and options players love this kind of spike in volatility. If you want to protect yourself, exchange altcoins for BTC or USDT before 9:30, and avoid high-leverage contracts! If you're unsure, you can contact me at ca11, and Sister Rong will help you allocate.
Final reminder: The European Central Bank might steal the show; if they suddenly loosen policy, Powell's hawkish speech won't be able to suppress the market! Brothers, guard your wallets.
