【Summary of Powell's February 11 Hearing】
1. U.S. law does not allow President Trump to replace Federal Reserve Board members.
2. Financial Regulation: As long as I am the Chair of the Federal Reserve, the U.S. will not issue a central bank digital currency (CBDC). We support regulation related to stablecoins. We will work to help end 'de-banking'; it's time to re-examine 'de-banking'. No federal regulatory agency can replace the work of the Consumer Financial Protection Bureau (CFPB).
After all this talk tonight, just these two points.
I personally judge that there will be no interest rate hikes in the short term; the bears should continue to hold, and once the market stabilizes, the bulls can dip-buy for a rebound with light positions.
Honestly, Powell has said so much, yet his attitude toward cryptocurrency remains opposed. To be frank, can this old man stop stirring up trouble? The market dropped suddenly again. What do you think of tonight's meeting? 🤔 I was caught off guard and got wrecked because my position was too heavy; I couldn't withstand this wave 📉 and got liquidated.
Sigh, the current market is really getting harder to navigate. The direction of the market can be determined by just a word from these people. Indeed, if you don't understand the market, just stay out and wait.
This time of liquidation, I plan to adjust and enter the market again with small capital.
Low leverage, plus compound interest, striving to break even. If there are friends who want to join, please follow me for learning and communication $BTC