Powell’s “Last Dance” Tonight! Is the Biggest “Nonsense” Era in Crypto About to End?


At 2 a.m., the Federal Reserve’s interest rate decision is coming. Even though the fact that there will be no rate hike at 100% is already set in stone, tonight’s real focus has nothing to do with that rate—it’s Powell’s “farewell performance” as the chair.
Even more explosive: the incoming “new boss,” Waller, has already hinted that from now on, unless there’s truly something major, there’s no need to hold press conferences.
So what does that mean? In the past, whenever the market was making rate decisions, crypto was in a “roller coaster” moment; going forward, there may be no more “official calls” to rescue the market or to smash it down.
My personal view is very direct: this is the eve of a massive change. In the past, retail traders could still place trades after listening to Powell’s “nonsense.” Going forward, the market’s “script” will have to be played with a completely different approach. These Wall Street elites have lost their “crutch,” and volatility may end up more intense than people expect.
How will the market move tonight?
Based on historical data, in the past 9 rate meetings, crypto fell in 8 of them—this is called “selling the facts.” Add to that the fact that Waller has always been pretty tough toward crypto, and honestly, the atmosphere feels a bit delicate.神 策
What should we do next?
Don’t rush in—my suggestion is to first pull your hands back. Wait for the shoe to drop and see whether the market truly buys into this “new script.” This could be the last chance to escape the top—or it could be the start of a golden pit.
Want to know how to set up an ambush and catch the falling knife the first time? Follow ShenCe—I’ll help you dodge risks first.$BTC
BTC0.47%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments