Regarding the market's expectation of a rate cut in September, recent statements have become increasingly extreme. Both Powell and Trump have maintained opposing stances, leading many users to begin doubting whether the trend in the cryptocurrency market has ended.
In last night's market, we can see that Bitcoin, Ethereum, and SOL are all in a downward trend. This pattern resembles a trap before a rate cut. However, Ethereum's growth has been somewhat excessive, and this correction may be the wildest among the three.
Powell's statements at 10 PM on August 22 are extremely important. Powell will speak on inflation caused by tariffs, which is also the first time the Federal Reserve has acknowledged the inflation issue. It is highly likely that during this speech, there will be a positive response regarding the rate cut issue. If a rate cut is confirmed, the question will be whether it is a cut of 25 basis points or 50 basis points; personally, I lean towards the former.
