Tonight, the global market is waiting for one person to speak: Federal Reserve Chairman Jerome Powell. His speech at ten o'clock tonight may directly stir the entire cryptocurrency space.
Although he may not directly mention cryptocurrencies, seasoned players know that when he speaks, the market tends to shake.
A few key points tonight:
First, Powell's speech. If he leans towards a "hawkish" stance suggesting tightening monetary policy and potential interest rate hikes, the market may drop in the short term, and funds might flow to more conservative places; if he appears "dovish," then risk assets like Bitcoin might rise. It's advisable to pay close attention to the market tonight, as fluctuations could be significant.
Second, Hang Seng Index adjustments. This part was actually announced last week and will affect capital allocation in the medium to long term. If good companies are included, market sentiment might improve a bit, which could be a small positive for the crypto space.
Third, economic data from various countries. Data from the UK, Japan, Germany, etc., will also impact global capital flows. For instance, if the European economy is doing well, the euro will strengthen, and the dollar will weaken relative to assets priced in dollars like Bitcoin, which could be a short-term positive.
Fourth, Canadian retail data and the number of US oil rigs. These data points will affect inflation expectations, which in turn will influence the Federal Reserve's policies. If oil prices continue to rise, putting pressure on inflation, the Federal Reserve may lean more towards a "hawkish" stance, which is not good news for the market.
My personal view is: there will definitely be short-term fluctuations, but long-term players don't need to be too anxious. News tends to affect sentiment more than anything; what truly determines value is the project itself and its technological strength.
If Powell's speech is dovish, consider taking advantage of a rebound; if hawkish, the market correction might actually present a layout opportunity. Remember this phrase: "Buy the expectation, sell the fact." Before important events, the market often reacts in advance, so don’t blindly chase highs or panic sell.
There are opportunities, and there are risks. I recommend everyone to manage their positions well, avoid going all-in, and stay calm. Experienced players have weathered storms; maintaining a steady mindset is most important.
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