Tonight at 12:20 AM, Powell will give a speech, and the market is worried about whether he will continue to be hawkish.

From the current situation, it is highly likely that he won't— the market is already bad enough, and if he comes out to step on it again, it will truly become a critical blow.

In fact, today's daytime drop resembles a precaution taken in advance.

Even if the speech leans slightly hawkish, as long as the market's reaction is not significant, these precautionary funds will quickly flow back in.

Many times, before key speeches or data releases, the market tends to drop first,

but once the news is out, the impact is often limited.

In short, this kind of pullback is more about digesting emotions in advance. #加密市场回调 #鲍威尔发言