🔥🔥🔥Countdown to Powell's Speech, the Crypto Market Enters a High Alert State!!
This Friday evening, Federal Reserve Chairman Powell will deliver an important speech at the Jackson Hole Global Central Bank Annual Meeting. This timing hangs over the crypto market like a sword, pulling everyone's nerves.
Looking back at history, every time Powell speaks, it creates a huge impact on the crypto market.
In 2022, his hawkish stance directly triggered a global asset crash, with Bitcoin's price suffering a drastic cut;
And after he stated "the time for policy adjustment has come" in early 2024, it was immediately followed by a strong 6.2% increase.
This year's market environment is even more complex—unemployment rates have surged to a four-year high, while inflation remains stubbornly above 3%, with market expectations for a rate cut in September climbing to a high of 89%.
If Powell releases dovish signals, hinting at a rate cut in September, Bitcoin may violently break through the 130,000 mark in the short term, with funds flooding into the market, pushing mainstream coins collectively upwards.
If he maintains a hawkish stance and emphasizes that inflation pressures cannot be ignored, Bitcoin may fall below the crucial support level of 110,000, triggering panic selling in the market.
If his statements are ambiguous, the market will inevitably experience short-term violent fluctuations.
Old Jin plans to look for opportunities amid market turbulence, preparing for this year's super bull market.
But remember, the real climax of the bull market has yet to come, and position management is crucial!
