Tonight at 20:30, hold your breath! Powell's speech becomes the "switch for rises and falls" in the crypto world.

The current special context of the U.S. government shutdown has skyrocketed the market's attention on this speech. As of October 5, the market's expectation of a rate cut at the Federal Reserve's October meeting has reached a staggering 96.2%, which directly elevates Powell's remarks to the position of a "barometer for the crypto world".

If the speech releases dovish signals, such as mentioning economic growth slowing down or hidden risks in the job market, it will further solidify the market's judgment on rate cuts. Rate cuts often inject more liquidity into the market, and some funds may shift from traditional finance to the cryptocurrency market, driving up the prices of mainstream coins like Bitcoin and Ethereum.

If the speech presents a hawkish attitude, for example, expressing optimism about the current economic situation or emphasizing that inflationary pressures still need to be heeded, it will directly cool the market sentiment in the crypto world. Investors may worry about the Federal Reserve delaying rate cuts or even restarting tightening policies, leading to a contraction in investments in cryptocurrencies and triggering price drops.

In addition to the direction of monetary policy, regulatory statements related to cryptocurrencies are equally crucial. If Powell mentions a clear regulatory framework for cryptocurrency banks or releases signals to ease some regulations, it will enhance investor confidence in the crypto market, attracting incremental funds to enter; conversely, if he states that regulations will be strengthened, it may trigger market panic and exacerbate fluctuations in cryptocurrency prices. $BTC #美联储降息预期升温 $ETH #现货黄金创历史新高 $SOL #剥头皮策略