Powell stands up to Trump? September rate cut is uncertain! The crypto market may face a wave of crashes
Powell's speech this Friday may not directly address whether there will be a rate cut in September; it will depend on the subsequent data. Inflation is currently at 2.7%, which is still far from the target of 2%, plus PPI has risen again, so the conditions for a rate cut are not met. He is quite rigid and won't easily back down, so don't expect him to soften.
Don't rush to buy coins next Thursday and Friday; the likelihood of a drop is high. If Bitcoin falls below 117 in August and remains stagnant, then the trend will really move downward. Even if ETFs and institutions buy aggressively, it's hard to change the overall trend.
Of course, I hope I'm wrong — I really want to see Bitcoin at 150,000, Ethereum at 8,000, SOL at 500, and BNB at 1,000! But the market doesn’t cater to wishes; it's more realistic to follow probabilities.
Bitcoin has already broken its historical high, and ETH has reached a new high this year! I will reallocate internally tonight! I have gone all in. There are still 15 spots available internally, sign up directly!!!
