#PowellRemarks#PowellRemarks Markets pivoted sharply after Chair Jerome Powell reiterated the Fed’s data-dependent stance, hinting rate cuts remain on hold until inflation convincingly trends toward 2%. Bitcoin briefly dipped below $65k but found buyers as risk sentiment stabilized. Powell signaled upcoming decisions will weigh resurgent labor strength against sticky services prices, stressing that policy is “well into restrictive territory.” Traders slashed September cut odds to 42%, and the DXY climbed toward 106. For crypto, tighter dollar liquidity could cap near-term rallies; however, conviction in Bitcoin’s role as digital gold may strengthen if growth cools. Watch Friday’s PCE and next week’s ISM prints for clues on momentum. Consider staggered entries, keep stops disciplined, and stay nimble. Volatility ahead; manage leverage with care.
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