Tomorrow is another critical node - Fed Chairman Powell is set to give a speech. Last time he spoke, Bitcoin plummeted directly, and this time the market will have to follow his rhythm.

The market is now betting on two directions:

If he emphasizes that inflation hasn't been contained yet, implying that interest rate cuts will be delayed, the crypto market is likely to be under pressure. After all, when liquidity expectations tighten, risk assets will struggle.

But if he suddenly changes his tone and says that the economic slowdown needs attention, and that the pace of interest rate cuts may be maintained, the sentiment could immediately improve. Funds will look for high-yield targets again, and the crypto circle will naturally benefit.

Personal judgment? This speech will likely be vague—neither definitive nor overly committal. The problem is that the market loves to over-interpret, and every word can be dissected into ten meanings. At that time, volatility will definitely skyrocket, and fluctuations will be a normal operation.

What to do? Here are a few ideas for reference:

Watch and wait before speaking, don't rush to heavily invest.
Wait until the direction is truly clear before taking action.
If it breaks through the key price level, you can follow, but you need to set a good stop loss.
If it breaks the support level, don't hesitate, withdraw if you must.

This major event tests one's mentality the most. It's better to earn less than to risk injury from betting in the wrong direction. With capital in hand, there will always be opportunities.

Do you think this time will lean towards hawkish or dovish? Are you ready to deal with tomorrow's market?

Disclaimer: The above is only for personal opinion exchange and does not constitute investment advice. The market has risks, and decisions should be made cautiously.