I previously asserted that Old Bao's speech would be a significant negative impact, and sure enough!

Attention! At 1:30 AM, Powell will give a speech at the Chicago Economic Club, which is crucial.

This speech focuses on interest rate decisions. If the interest rate remains unchanged or even hints at a rate cut, it would be a significant benefit for the cryptocurrency market, with more funds pouring in to drive up prices. US banks expect four rate cuts in 2025. Conversely, if Powell indicates that there is no rush to cut rates, a large amount of capital will flow out of the cryptocurrency market, and prices will drop significantly.

Before and after Powell's speech, everyone must closely monitor the news, respond quickly to the content of the speech, and adjust strategies reasonably.

Bitcoin: Short in the range of 85000-85500, target 83000, if broken look lower, protect at 86000.