Actually, Powell's recent speeches have been quite moderate, meaning that the economy is in some trouble and may need interest rate cuts to help out. Now everyone feels that the probability of a rate cut in September is particularly high, at 89%. Why? Because of tariffs and such, although it doesn’t seem like a big deal right now, it will gradually affect the economy and make it worse over time. Powell also mentioned that the tool of interest rate cuts should be used wisely, otherwise the effects will be minimal.

Currently, it is also oscillating within an increasingly narrow range, forming a descending wedge, with signs of a rebound, but it hasn’t yet broken through the key point of 118600. Right now, there is support at the price bottom, but we need to wait and see if it can continue to rise. Previously, Luyao had reminded that during May and June, everyone didn't need to keep fixating on interest rate cuts, as short-term fluctuations might be due to other factors. Now it seems that the possibility of a rate cut in September and October is greater, as the impact of tariffs will gradually become apparent, and the economy might worsen. Therefore, we should pay more attention to whether the price can rise and break through the key point, which would reduce risk and perhaps even reach new highs. #杰克逊霍尔会议 $BTC