At 11:30 PM tonight, the market is about to reach a critical juncture. Federal Reserve Chairman Jerome Powell will deliver a highly important semiannual monetary policy testimony at the Senate Committee on Banking, Housing, and Urban Affairs. This event has garnered global financial market attention, and the direction of his remarks is likely to serve as a vital guide for subsequent market trends. Although Trump has suspended the imposition of tariffs on low-cost packages from Mexico, Canada, and China, market sentiment remains highly tense. Investors are acting cautiously, reducing their high-risk investments, and the overall market atmosphere is one of waiting and watching.

Looking back at the cryptocurrency market, Bitcoin experienced significant volatility last Monday, often referred to as a "large spike" scenario, and the current price has rebounded to the range of 97,500 to 98,500. At present, the price of Bitcoin is stabilizing and showing a steady upward trend. However, as the trading range continues to narrow, the market seems to be quietly accumulating energy, with various signs suggesting that tonight or tomorrow, the market is likely to encounter a critical turning point.

Evening trading strategy

Bitcoin rebounds to around 98,800-99,300, aiming for a target of around 96,000-95,500.

Ethereum rebounds to around 2,710-2,750, aiming for a target of around 2,680-2,650.