The probability of not lowering interest rates in July according to CME has also declined. The bond and futures markets feel that old Powell is being dovish and believe that his adjustment aims to raise inflation to 2%.

In contrast, the US stock market has shown different expectations, with the Nasdaq and S&P experiencing some degree of pullback after opening, but fortunately, they started to turn positive again later in the night;

This indicates that some investors believe the Federal Reserve may continue to maintain tight monetary policy, leading to a certain level of uncertainty in the market.

Looking back at Bitcoin's data, the turnover rate has still not increased, but rather decreased. This indicates that most investors are still uninterested in short-term price changes, even regarding old Powell's speeches. More investors seem to be focused on long-term price trends. After a prolonged period of fluctuation around 102k, a buildup has occurred centered around this level, which can serve as a short-term defensive position.