Powell will unleash a massacre tonight!

On the eve of the interest rate decision, the market is in a state of anxiety and does not dare to make any moves, and the Bitcoin market seems to be at a standstill. However, at two o'clock tonight, the interest rate decision will be announced, and Powell will give a speech at two-thirty. Will this be a good thing?

According to the latest interest rate expectations, the probability of a rate cut this time is basically 0, so those who are hoping that Trump’s pressure will lead to a rate cut at this meeting can sit down and not be too excited. However, the focus of this meeting is whether Powell will convey signals for a rate cut at the next meeting, starting the first rate cut of this year. I think the probability is quite high.

Because Trump just met with Powell last week, and he used the position of the next Federal Reserve Chair as a bargaining chip to sway other Fed officials. I feel that the probability of the Fed starting to cut rates in September is significantly increasing, and if you look at the chart, the probability of a rate cut in September has already exceeded two-thirds. Therefore, the likelihood that Powell's attitude will soften tonight is quite high, which would be a good thing for the market.

Personally, I plan to increase my positions when the prices are high, especially if there is an increase this time I will run, because several whales I follow are reducing their positions, and after entering August, the market is likely to correct.

So if you have positions, it is recommended to exit at high points; now is not the time to buy the dip. The bulls seem to be a bit too crowded. Let's wait for the market to clear out some of the bullish leverage before we talk, and then we can still try to short around the 120,000 mark for Bitcoin, as we have taken several waves of profit before. I hope this time will go smoothly too~