The Fed Chair Becomes the Biggest Player in the Crypto World! Powell's Speech on Friday Will Determine Whether You're Driving a Ferrari or Riding a Shared Bike!

After the waterfall, both bulls and bears are waiting for the 'starting gun'!

Brothers, have you all seen the recent pullback in Bitcoin? Don't panic, this wave of volatility is largely due to 'taking profits'—many mainstream coins have reached historical highs, and those who made money are definitely withdrawing some!

But the real focus is on Fed Chair Powell's speech this Friday.

Market Expectation Analysis

Historical Experience: This summit is not just casual chit-chat! In the past few years, Powell has often hinted directly about raising or lowering interest rates, and the market has been watching which side he stands on.

Prelude to the September Spectacle: This speech will basically set the tone for the September Fed meeting. The market is generally expecting a 25 basis point rate cut in September.

Mig's Viewpoint:

The crypto world is currently a 'policy sentiment amplifier'! When Powell speaks, the market definitely shakes.

If Powell hints at or confirms a rate cut in September: That's settled!

Market confidence will return, and BTC is likely to end its pullback and challenge previous highs again. Just think about how at the end of last year, with a slight expectation of a rate cut, BTC surged—sentiment in the crypto world is even stronger than the technical aspects!

If Old Powell turns 'hawkish' (hinting at no rate cut in September or even a possible increase): Then be careful! Analyst Bruni mentioned that Bitcoin may continue to face pressure, with the next key support level to watch being the 200-day moving average near $100,000.

Mig's Deep Lesson: Position management is more important than betting on direction before major events! #加密市场回调

Blind trading = losses! Follow Mig closely, learn professional thinking and strategies, and say goodbye to 'trading by feel'! Click on the profile picture, change starts with following! $BTC