At the central bank meeting on August 22, Powell may have indirectly hinted at a 25 basis point rate cut on September 17, but emphasized that a 50 basis point cut is not on the table, and whether a cut occurs in October or December still depends on data.

"For the market eagerly anticipating a '50 basis point rate cut in September', this balanced statement may trigger a short-term pullback—in the context of a structurally AI-driven bull market, a pullback of 7% to 15% may occur before October," he said.

However, it can be seen that Bitcoin and Ethereum have already reacted early, with Ethereum currently down by 10 points! The US stock market is still at high levels! Therefore, there is no need to worry too much about another significant drop; the pinning sentiment release will exist!

In short, before the 22nd, large funds will not take risks to go long, sentiment is lukewarm, generally leaning bearish! #加密市场回调 $ETH