Did you stay up late to watch Powell's speech last night? I was glued to the live stream, afraid of missing any key information.

In this speech, he mainly emphasized his concern about inflation. Although he acknowledged recent data has improved, we're still far from the 2% target! This means that the possibility of interest rate cuts in the short term is slim, and the Federal Reserve still needs to keep observing.

Thinking about our crypto assets, they are the most sensitive to such news. When interest rate hike expectations strengthen, funds may lean more towards traditional markets, and the crypto market may face downward pressure.

That said, in the long run, the potential of the crypto market is still enormous. Every pullback might be an opportunity to reposition. Just like my friend Wang, when the DeFi sector plummeted last time, he bought into a promising project at the bottom, and now it has multiplied several times! So, we must keep learning and invest rationally to seize opportunities in the crypto world!