This Friday, Federal Reserve Chairman Powell will give an important speech, which could have a significant impact on the encryption currency market. Given that Powell is known for his direct and pragmatic style, his remarks are likely to provoke a strong reaction in the market.

If Powell takes a hardline stance, it may lead to a significant market drop in the short term. Investors should closely monitor the content of the speech, especially any hints regarding potential interest rate cuts. It is noteworthy that the market often reacts in advance to such major events. If there is a noticeable downtrend before the speech, it may indicate that some large institutional investors have quietly reduced their holdings.

In this uncertain environment, it is particularly important to follow market trends. A wise approach is to adjust investment strategies based on the overall market direction rather than blindly going against the tide. At the same time, investors should remain vigilant and closely monitor market signals to prepare for potential pullbacks.

Overall, it is essential to remain calm and rational regardless of market fluctuations. Closely monitor market trends and adjust strategies accordingly to achieve good investment results in this challenging market environment.