The atmosphere in the market tonight is just like waiting for the college entrance examination results—everyone's eyes are glued to Fed Chairman Powell's mouth. When he speaks at 10 PM, the entire financial world will likely hold its breath. This old man's words are not to be taken lightly; even a slight shift in macro policy can lead global capital to adjust dramatically, as if being directed by a baton.
If he opens his mouth and goes 'hawkish', saying he will continue to tighten policies and raise interest rates, the short-term market will definitely suffer. Funds are likely to dive into conservative assets like startled birds, and the cryptocurrency market will probably get cold water splashed on it: Ethereum needs to be wary of whether it can hold the support level of 4214; if not, it may have to probe lower; Bitcoin must keep a close eye on the area around 110800 to avoid breaking through the psychological barrier.
But if Powell speaks 'dovish', saying the policy will remain stable or even hinting at easing, then it will be lively! Ethereum could likely ride this momentum straight past 4430, and it might even touch the psychological level of 4500; the drama of Bitcoin hitting the 120,000 round number could be reenacted, and the entire crypto circle might just take off collectively, with bulls probably preparing their celebratory champagne ahead of time.
Honestly, the volatility tonight will definitely be substantial. Historical data shows that during central bank annual meetings, Ethereum's volatility can easily exceed ±5%, rising sharply and falling even more violently. Originally, this Friday was already prone to 'black swan' events, and given the current atmosphere, it’s likely to solidify the 'Black Friday' scenario, destined to be a hard-fought battle filled with turmoil.
In short, don’t just stay up watching dramas for fun tonight; setting an alarm to monitor the market is the serious business. The market might behave like a roller coaster, jumping up and down, so remember to set stop-loss orders in advance if you have positions, and those who haven’t entered yet shouldn’t rush—wait until Powell clarifies his stance before taking action—at such critical moments, staying calm is more important than anything else!
