If Powell delivers a hawkish signal in his speech next Friday, the bearish market pattern may be further solidified. As a representative of the academic faction, Powell has always had a tough style; however, under immense pressure, a shift in his policy towards interest rate cuts is not impossible. Therefore, his statements are crucial for judging the subsequent direction of the market, and for now, we can only wait and see. Additionally, the market may react in advance; if Bitcoin drops next week, it is highly likely that institutions are unloading their positions ahead of time based on internal information, so operations must be cautious.