On August 24th, Beijing time, the cryptocurrency market experienced a dramatic reversal. Powell's remarks were interpreted as dovish, instantly igniting investor enthusiasm and causing market sentiment to shift rapidly from fear to greed.

This sudden wave of optimism is like a grand weekend barbecue party. Powell's remarks seem to be a call of 'It's on me', instantly capturing everyone's attention. The market has shifted from previous concerns to a current carnival, with optimism spreading throughout the encryption currency world.

However, this rapid change in emotions also brings potential risks. Just as excessive drinking can lead to negative consequences, excessive optimism in the market can also trigger instability.

From a technical perspective, the cryptocurrency market has continued to rise over the weekend, successfully reclaiming most of its previous losses. The total market capitalization has once again surpassed the 4 trillion dollar mark, and the market fear index has quickly surged from a low of 45 to 60, entering the greed zone, indicating a significant shift in investor sentiment.

As the market leader, Bitcoin (BTC) has performed strongly, with prices solidly above $117,000, approaching an all-time high. This trend has temporarily alleviated market concerns, but trading volume has not seen a significant increase, indicating that some large investors remain on the sidelines.

Although the market has shown strong upward momentum in the short term, investors still need to remain vigilant. Excessive optimism may lead to an overheated market, increasing the risk of a pullback. In such a rapidly changing market environment, it is crucial to maintain a rational and cautious investment strategy.