🚀🚀🚀Powell's Speech is Coming, the Crypto World is on Edge for Change!!!
This Friday evening, Federal Reserve Chairman Powell will speak at the Jackson Hole Global Central Bank Conference, and this speech is like the sword of Damocles hanging over the crypto world, drawing great attention.
Historically, Powell's speeches have had a huge impact on the crypto market. In 2022, his hawkish remarks triggered a global asset crash, and Bitcoin's price halved; in 2024, after clearly stating that "the time for policy adjustment has come," Bitcoin surged 6.2% at one point.
This year, the market situation is even more complex, with the unemployment rate climbing to a four-year high, while the inflation rate remains above 3%, and the market's expectation of a rate cut in September has reached 89%.
If Powell sends a dovish signal this time, suggesting a rate cut in September, Bitcoin may temporarily break through $130,000, with funds pouring into the crypto market, driving mainstream coin prices up. If he continues to maintain a hawkish stance, emphasizing inflation pressure, Bitcoin may fall below the $110,000 support level, triggering panic selling in the market.
Even adopting a vague stance could lead to severe short-term market volatility. Investors must closely monitor the content of the speech and quickly adjust their investment strategies based on market trends to navigate the risks and rewards in this policy game.
K is ready to seize this opportunity to buy the dip in this year's super bull market; the big move is certainly yet to come, so pay attention to your position management!
