Federal Reserve Chairman Powell delivered a speech early this morning, and the overall sentiment appears to be neutral to hawkish.

Beier has summarized a few key points for everyone:

- The market is still not seeing any signals for interest rate cuts, and the balance sheet reduction is still ongoing.

- Powell believes that market volatility caused by tariff uncertainty will not be the basis for the Federal Reserve's decision to intervene in the market.

- Both the SP500 and NASDAQ have experienced declines to varying degrees, the VIX index is relatively high but has not significantly expanded, indicating that the market is pessimistic but orderly.

- S&P predicts that GDP for 2025 and 2026 will show a downward trend, indicating that the economy will slow down, while CPI will remain above 2%.

- @Murphychen888's data shows that whales are continuously accumulating in the range of $81,000~$85,000.

- Currently, the price of $BTC is fluctuating near the VAH (76,000) since January 2024 to the VAL (85,000) in November after entering a new range. Considering the current major negative factor of 'tariff uncertainty', the market will gradually adapt, and there is a chance for an increase to $92,000~$95,000.