#杰克逊霍尔会议 Powell will speak at the Jackson Hole conference this Friday night, and the market is closely watching how he will respond. The possibility of a rate cut in September undoubtedly has a huge impact on U.S. stocks/bonds/crypto. According to the CME 'FedWatch' on August 18: The probability of a 25 basis point rate cut by the Federal Reserve in September is 84.6%. Some traders even expect a 50 basis point cut. Personally, I believe that Powell's speech on Friday may lean hawkish to make the market feel that the likelihood and extent of a Federal Reserve rate cut is not as much as everyone expects. This is about managing market expectations, which the Federal Reserve is very good at. He wants to reduce the market's appetite for rate cuts so that when a rate cut actually happens, it will have a stimulating effect on the market. Unlike before, when some people were already expecting a 50 basis point cut. In this high-expectation market environment, if a 25 basis point cut occurs, the market may still decline, which would be difficult to control. If this happens, then now that the market is fearful of a decline, it is indeed a good opportunity for us to pick up cheap chips $BTC $ETH $LINK .