"Powell's words tonight could cause blood to flow in the crypto world!"
Tonight at 22:00, the global financial market will face the "August Judgment Day"—Federal Reserve Chairman Powell's speech. In this liquidity-thin August, any unexpected statement could trigger a massive market shock!
Three worst-case scenario predictions
Hawkish Surprise: If he hints at "no rate cuts this year," Bitcoin could plummet instantly by over 10%.
Policy Ambiguity: A Tai Chi-style statement could lead the market into even more intense turbulence.
Liquidity Trap: August is already light on trading, and large-scale liquidations could trigger a chain reaction.
In August 2023, Powell's statement at the Jackson Hole conference, "Continue to raise rates if necessary," caused BTC to drop 15% in a single day, resulting in billions in leveraged positions vanishing!
Key Defense Levels
BTC: If it falls below 58,000, algorithmic trading sell-offs will be triggered.
ETH: 4,000 is the life-and-death line; losing it could trigger a chain liquidation in DeFi.
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Altcoins: Most have already fallen below key supports; beware of the "final drop."
I have reduced my contract leverage to below 3 times and kept 30% of my spot position as ammunition. Remember: surviving allows for bottom fishing!
Ultimate Survival Guide
Close out high leverage before 22:00.
Set stop-loss orders (suggested 5% below the current price).
Prepare a USDT bottom-fishing list.
"When everyone is waiting for a crash, real opportunities often arise in panic! Want to know my prepared 'apocalypse bottom-fishing list'?
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