The Nasdaq is about to trigger a circuit breaker, while Bitcoin is still in the 8s!

Currently, Bitcoin can only be considered temporarily stable, and a further decline is highly probable.

At 11:25 PM tonight, Federal Reserve Chairman Powell will speak. Based on the current trend of the U.S. stock market, it is likely that he will clash with Trump, emphasizing the independence of the Federal Reserve and continuing to maintain high interest rates into the second half of the year!

Or he might shift the blame to Trump, saying that the tariff war will increase inflation, which would mean another round of damage!

Bitcoin in the 7s is imminent, and the 6s are not impossible!

U.S. stock market circuit breaker mechanism: 1. When the market falls by 7% (Level 1 circuit breaker), trading is paused for 15 minutes; 2. When the market falls by 13% (Level 2 circuit breaker), trading is paused for 15 minutes; 3. When the market falls by 20% (Level 3 circuit breaker), all trading stops until the next trading day opens.