The upcoming speech by Fed Chairman Powell is considered one of the most severe challenges facing the Crypto Assets market in 2025. The Jackson Hole Central Bank annual meeting has always been a barometer for Fed policy direction, and its influence should not be underestimated. Looking back at previous years, Powell's hawkish remarks in 2022 triggered a big dump in global assets, with Bitcoin's price experiencing a 50% Slump; while in 2013, Bernanke's hint at quantitative easing policy led to a 9% rise in gold prices within a month.

This year's situation is more complicated: on one hand, the unemployment rate has risen to a four-year high, while on the other hand, the inflation rate remains above 3%. Market expectations for a rate cut in September have reached 89%, seemingly convinced that the Fed is about to shift to an easing policy. However, historical experience shows that Powell's statements are often unexpected. In his last six major speeches, five have led to a big dump in the S&P 500 index, with an average decline of over 3%.

For the Crypto Assets market, this speech may bring three different outcomes:

1. If Powell continues to maintain a hawkish stance, emphasizing that inflationary pressures remain, Bitcoin may face a serious fall, potentially dropping below the $100,000 support level.

2. If Powell releases dovish signals, suggesting a possible rate cut in September, Bitcoin could break through $150,000 in the short term. However, investors should be wary of the market rule of "buy the rumor, sell the news."

3. Powell may also take a vague stance, neither clearly hawkish nor showing dovish tendencies, in which case the market may experience short-term fluctuations.

Regardless of the outcome, this speech will have a profound impact on the Crypto Assets market. Investors should closely monitor the contents of the speech and adjust their investment strategies in a timely manner based on market reactions.