Powell Speaks Tonight! Is the Bitcoin 80K Threshold a Life-or-Death Situation?
Tonight at 1:30 AM, Powell's speech is regarded as the "fate blind box" of Bitcoin! The three major suspense factors directly influence the life and death of the crypto world, with the 80K threshold in the 78000-81000 range presenting a fierce battle for bottom fishing!
First, let's look at Powell's three major bombshell suspense factors: Can the Federal Reserve withstand the pressure from Trump’s tariffs and leadership changes to maintain its independence? If the Fed's policy is swayed by politics, funds may crazily flow into Bitcoin for safe-haven purposes;
Conversely, if this happens, the upward momentum of the coin price will be discounted.
Will the expectations for interest rate cuts change? If cuts come quickly, inflation rebounds, and funds flow into Bitcoin for preservation; if cuts come slowly, economic recession hits, and high-risk Bitcoin will take a beating.
Lastly, who wins the internal hawk-dove battle within the Federal Reserve? If the doves win, aggressive rate cuts will send Bitcoin skyrocketing; if the hawks hold onto rate hikes, the coin price will instantly become the "champion of plummeting prices".
Looking at Bitcoin itself, the 78000-81000 range could very well form a double bottom, making the 80K threshold a battleground for bulls and bears. Since the bear market began in 2023, it has only intersected twice without forming a death cross, indicating that we have not yet reached a true deep bear market. If a death cross forms after this intersection, Bitcoin is likely to enter a crash mode.
Looking ahead, Powell's words will have a "nuclear explosion-level" impact on Bitcoin.
Previously, he hinted at rate cuts, causing Bitcoin to surge by 5.12%; when he stated he wouldn't hoard coins, the price immediately plummeted. This speech tonight is bound to keep the crypto world awake! Is bottom fishing at the 80K threshold the key to wealth or a trap for massive losses?
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