Powell's speech today released the possibility of not adhering to previous rules due to weak employment. Although he did not explicitly mention interest rate cuts, it can be interpreted as a hint. He also mentioned the risks related to inflation. Overall, the market's interpretation is positive, and the market has also moved positively.

The ADP and non-farm payroll data on September 4 and 5, along with the unemployment rate, are now particularly crucial. If the news is good, a rate cut in September is basically confirmed. If the news is bad and the number of unemployed increases, the certainty will decrease.

If the data aligns well, Bitcoin is likely to rise to the range of 118-122. Whether it will reach new highs depends on further observation.

A sharp rise is generally accompanied by a sharp decline, and the weekend market is unlikely to be so extreme; it will likely be volatile.

Have a good rest over the weekend.