At 2 AM, it is highly likely that Powell will not cut interest rates.
Not cutting rates is the high probability, while a rate cut would be a significant surprise. Focus on Powell's live speech after 2:30.
Today, the Bank of Japan has already cut the reserve requirement and interest rates, now we are watching the U.S.
Currently, the probability of the U.S. cutting rates in May and June is low, but it is higher in July.
As long as Powell does not speak against expectations tonight and somewhat releases the expectation of a rate cut, the market performance should not be poor.
The trend should still be a volatile upward trend.
Bitcoin will face pressure when it reaches 100,000, with small support levels at 96,000, 94,000, and 93,000.
