Powell's early morning speech: Crypto short-term surge and fall, long-term logic remains intact. In the short term, expectations are fulfilled + high interest rates continue, with BTC 90,000 being a key support level. Funds continue to concentrate on core assets, and high-leverage varieties should be avoided; don't panic in the long term: the Fed's balance sheet expansion + the weakening dollar trend remains unchanged, spot ETF 54.7 billion + net inflow stabilizing, Bitcoin's volatility halved, and the logic of the super cycle under institutional trends is still present. #Crypto #Bitcoin