Based on current information, the speech by Federal Reserve Chairman Jerome Powell tonight (7:30 PM Vietnam time) is expected to be neutral to slightly cautious, with little potential for negative impact on the cryptocurrency market in the short term.

🔍 Forecast of the main content of the speech

1. Interest rates remain stable: The Fed has kept interest rates at 4.25% - 4.50% in the last three meetings and shows no signs of changing in the short term. Fed officials, including Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly, have emphasized caution in adjusting interest rates, waiting for clearer economic data.

2. Inflation cooling but not yet at target: The Consumer Price Index (CPI) for April increased by 2.3% compared to the same period last year, the smallest annual increase in 4 years. However, core inflation remains at 2.8%, above the Fed's 2% target. This indicates that inflation is decreasing but not enough for the Fed to change the current monetary policy.

3. Tariff policy and its impact on the economy: Fed officials are monitoring the impact of tariff policies on inflation and economic growth. San Francisco Fed President Mary Daly stated that although there are concerns from businesses and households, there have not been clear signs in the data indicating that they have pulled back on spending or investment due to the consequences of tariff policies.

📈 Expected impact on the cryptocurrency market

Bitcoin (BTC): With the Fed's cautious stance and declining inflation, BTC may continue a consolidation trend or see slight increases. However, if the Fed expresses concerns about inflation or tariff policies, the market may react negatively in the short term.

Altcoin: Altcoins may be more volatile than BTC, especially smaller-cap coins. Investors should be cautious and closely monitor market developments following the Fed Chair's speech.

💡 Recommendations for investors

Monitor the speech: Pay attention to the Fed Chair's speech at 7:30 PM Vietnam time to receive timely updates and adjust investment strategies accordingly.

Risk management: In a potentially volatile market following the speech, investors should implement risk management measures such as setting stop-loss orders and avoiding excessive leverage.

Waiting for clear signals: If uncertain about market trends, it is best to wait for clearer signals before making investment decisions.