Next Friday's speech by Powell will confirm the bear market again if it is hawkish.

Powell's personality is academic and relatively rigid, but there is pressure that may lead to a rate cut.

We should first wait for the content of Powell's speech, as it is very important for judging future trends.

The market should move first; if Bitcoin drops next week, it is very likely that internal news has already led institutions to unload, so caution is advised.