About the Impact and Suggestions Regarding Powell's Speech Tonight

Tonight at 22:00, Federal Reserve Chairman Powell will deliver a keynote speech at the Jackson Hole Global Central Bank Annual Meeting, which is highly anticipated by the market.

If Powell takes a hawkish stance, such as delaying interest rate cuts, it could trigger a sharp drop in BTC to below 110,000. Historical data shows that Powell's previous hawkish remarks have led to significant declines in the prices of cryptocurrencies like Bitcoin. Conversely, if he signals a dovish stance, such as clarifying the path for interest rate cuts, it may drive a rebound in risk assets.

Hao suggests that in the face of Powell's speech, a high-uncertainty event, there is no need to speculate; this situation is most susceptible to sharp fluctuations that could result in losses on both sides! It is advisable to stay on the sidelines and observe. With capital in hand, there are opportunities every day, and it is more prudent to make decisions after the market situation becomes clearer.