Tonight's midnight decision of life and death! Powell's speech, the game of returns and risks will be revealed tonight!
Alarm bells ringing! At 00:20 tonight, the global cryptocurrency market will focus on the speech by Federal Reserve Chairman Powell at the National Business Economics Association, titled "Economic Outlook and Monetary Policy." Every word from Powell could determine the market's direction and have a huge impact.
The Crypto Fear and Greed Index plummeted from last week's "Greed" level of 64 to a "Fear" level of 27, hitting a six-month low. The most pressing question in the market is: Will Powell clearly state the timing and magnitude of interest rate cuts? The market generally believes in a 25 basis point cut in October and December, with futures markets showing probabilities of 97% and 89%. This expectation combined with market fragility has created an extremely sensitive environment; even a slight change in Powell's tone regarding inflation trends, economic growth, or tariff impacts could significantly alter market confidence.
It's worth noting that last Friday's market crash was not solely due to tariffs. When retail investors are panicking over external shocks, hidden bombs have long been buried in the market: excessive leverage and overly concentrated long positions. These latent risks are now waiting for signals to ignite or defuse.
For those in the crypto space, tonight is destined to be a sleepless night. After Powell's speech, will the crypto market continue to decline or stabilize? Will the market see a turning point? Be prepared to cope with severe fluctuations; tonight is a critical moment to determine the market's direction.
My advice is: In this market, a calm and clear mind is the ultimate weapon for success. Don't chase highs blindly; surviving is the most important thing. What I can do is share some slight assistance based on my years of practical experience. I will often share practical strategies "internally". If you have any questions, feel free to reach out to me!