Next Friday, Federal Reserve Chairman Powell's speech is highly anticipated, as this statement has a key impact on the direction of the cryptocurrency market. If Powell demonstrates a hawkish stance, the bear market is likely to be reaffirmed, and the market may face a new round of downward pressure.

As a representative of academia, Powell has always been firm in his actions and consistently relies on economic data and his own professional judgment in monetary policy decisions. However, he is currently facing significant pressure due to the complex and ever-changing global economic situation and the calls from various sectors for adjustments to monetary policy, which may prompt him to make a decision to cut interest rates, leading to some uncertainty in the final speech content.

Regardless of Powell's stance, the content of this speech will provide us with extremely important references for judging future trends. It is not only related to the Federal Reserve's subsequent monetary policy direction but will also directly affect the confidence and decisions of market investors, thus influencing the trends in the cryptocurrency market.

From past experience, the market often reacts in advance. If the price of Bitcoin drops next week, it is very likely that institutions have obtained internal information and started to sell off in advance. After all, in financial markets, information asymmetry is common, and it is not unusual for institutions to take advantage of their position to layout ahead of time. Therefore, during this sensitive period, everyone must remain highly cautious, closely monitor market dynamics, and avoid blindly following trends to prevent unnecessary losses.$BTC $XRP $ETH