Powell will decide the outcome tonight at 10:00 PM! Crypto traders must keep an eye on these three key news!
Friends, Powell will deliver his speech at the Jackson Hole Annual Meeting tonight at 10:00 PM (Beijing Time)! This is a crucial moment that will determine the direction of September's policy, and global markets are waiting with bated breath! Crypto traders must be vigilant and keep an eye on these key news!
1. Three Key News from Powell's Speech
Interest Rate Hike Expectations: If he hints at a slower pace of rate hikes, Bitcoin will soar!
Inflation Statement: If he says inflation is under control, market sentiment will immediately improve!
Economic Outlook: If he mentions recession risks, safe-haven funds may flow into cryptocurrencies!
2. Historical Data: Every speech presents an opportunity!
After his speech in August last year, Bitcoin surged 10% in a single day!
After hinting at a rate hike in June this year, the market fell before rising. Once the bad news is out, good news begins!
Key Point: Every speech presents a chance to make money; it depends on your ability to seize it!
3. Tonight's Trading Guide
Short-term traders: Reduce your positions before 10:00 PM and wait for a clear direction before making a move!
Contract traders: Always set a stop-loss to prevent a margin call from extreme volatility!
Spot traders: A sharp drop is a bargain hunting opportunity; buy below 25,000!
4. Related Market Indicators
US Stocks: Nasdaq futures are moving unusually, potentially driving the cryptocurrency market tonight!
Gold: If it surges, Bitcoin may follow!
US Dollar Index: If it falls below 103, cryptocurrencies will definitely take off!
Tonight's market may be volatile, but remember this!
1. Don't get caught up in FOMO (fear of losing money)
2. Don't go all-in.
3. Strictly adhere to your trading plan.
Brothers, get your sunflower seeds and drinks ready, and let's witness history together tonight! Share this with your friends if you find it useful! Even a fart from Powell tonight could shake the cryptocurrency world! Follow @BlockOfGold. If you don't follow my analysis, you'll be slapped in the face by the market!
