Tonight, the global financial markets are awaiting a key figure to speak: Federal Reserve Chairman Powell. At 10 PM Beijing time, his speech is likely to trigger intense fluctuations in the crypto market.

Although Powell may not directly mention cryptocurrencies, seasoned investors understand that this "Federal Reserve spokesperson" can cause the market to shake with just a few words. Let me highlight the key points for everyone:

First, Powell's speech will set the tone. If he sends "hawkish" signals (indicating that interest rates will continue to rise or monetary policy will tighten), the market is likely to drop; if his stance is "dovish" (indicating a slowdown in rate hikes), high-risk assets like Bitcoin may see a rebound. It is advisable to closely monitor the market tonight, as the volatility could be quite exciting.

Secondly, adjustments to the Hang Seng Index constituents. This was actually announced last week and will impact capital allocation in the medium to long term. If quality companies can be included, it would be a slight positive for market sentiment, and the crypto market could benefit as well.

Thirdly, important global economic data. Data from major economies such as the UK, Japan, and Germany will influence capital flows. For instance, if the European economy improves, the euro strengthens and the dollar weakens, it could actually be good for Bitcoin, which is priced in dollars.

Fourthly, trends in the energy market. Canada's retail data and the number of oil rigs in the U.S. will affect inflation expectations. If oil prices continue to rise, inflation pressure will increase, and the Federal Reserve may become more "hawkish," which is not good news for the market.

Here’s my view: there will definitely be intense fluctuations in the short term, but long-term investors need not be overly anxious. News mainly impacts market sentiment; what truly determines value are the underlying technology and the fundamentals of the projects.

If Powell adopts a dovish stance, it might be suitable to catch a rebound; if he adopts a hawkish stance, waiting for a market correction could provide a good entry opportunity. Remember the wise saying from seasoned investors: "Buy on rumors, sell on facts." The market often reacts in advance of major events, so never blindly chase after price increases or sell off.

Opportunities and risks coexist. It is advisable for everyone to manage their positions well and implement effective risk management. In this market, surviving longer is more important than making quick profits. Experienced players who have gone through several bull and bear markets understand that maintaining a good mindset is the key to success.

If you find this useful, please follow me. I will continue to provide the latest market interpretations. Let’s navigate through the bull and bear markets together and witness the growth of the blockchain industry!

I am an experienced player in the crypto world, Block Key. Click on my profile picture to follow me. The content above is a summary of years of practical experience, and I hope it can help all investors. Remember: in this market, you must be bold and decisive, but also steady and methodical.