Powell's "silence" brings relief to the market?

I just saw the news, Federal Reserve Chairman Powell's public speech, and indeed he did not mention interest rates or monetary policy at all, completely discussing the character of a deceased former official. This is not because he has nothing to say, but because the interest rate meeting is coming up next week, and he is now in a "quiet period"—officially banned from making statements that could influence the market.

This "silence" itself is a signal

For the market, this is actually a good thing, as it at least eliminates one uncertainty. Why do I say this?

· Within expectations: Everyone already knew he wouldn’t say anything at this point, so his "silence" is not shocking, but rather reduces the number of variables that need to be speculated upon.

· Focus more concentrated: Everyone's attention will be completely turned to two things: one is the economic data being released this week, and the other is the result of next week's meeting itself.

Possible impact on digital assets

During such times, the market may enter a brief "wait-and-see period":

1. Volatility may temporarily converge: Before the real "big test" (the Federal Reserve meeting) arrives, some funds may choose to wait, and the market may appear relatively calm.

2. Increased external correlation: The "story" of the cryptocurrency market may temporarily weaken, and its price fluctuations may more closely follow the sentiment of traditional risk assets like U.S. stocks.

Recommendations for observation

In the face of this seemingly "uneventful" juncture, you can do the following:

· Stick to the original plan: If you are already prepared for next week's meeting, there is no need to change your strategy tonight.

· Utilize the calm period: You can check your positions and strategies to prepare for the potential volatility ahead.

· Keep a close eye on the data: The real "wind" will come from the upcoming inflation, employment, and other economic data.

In summary, Powell's "silence" is just the whistle for halftime; the real outcome of the match lies ahead. Stay patient, do your homework, and wait for the wind to come.

(Source: Jin10 Data and the official schedule of the Federal Reserve, for reference) #美联储何时降息？ $BTC $ETH