Two big major negative signals are lying in wait! Powell’s speech may trigger a downside move in the crypto market

The Federal Reserve’s interest rate decision has long been priced in by the market in advance, and there is no real upside surprise—just a false calm before the negative news is realized.

What truly determines the direction of the market is never the decision itself, but Powell’s heavy, high-impact speech tonight.

Two key points directly nail down the outlook:
First, inflation remains stubbornly high. The option of rate hikes will most likely continue to be kept within the policy talking points, with a clearly hawkish tone. Expectations that high interest rates will stay in place for longer are reinforced again, and valuations of risk assets continue to be suppressed.

Second, if Powell chooses to fully step down from the Federal Reserve, the policy outlook will face uncertainty. The successor will most likely continue on a more hawkish path. A loosening cycle is still a long way off, and the crypto market will lose its underlying macro bullish support.

Now take a look at the current state of mainstream coin charts:
With macro negative factors pressing down layer by layer from above, and weak support from existing positions only propping from below, there is no incremental funding to step in and take over throughout.
This current narrow-range consolidation isn’t a buildup for an all-out counterattack—it’s a “boiling water” market where bullish sentiment is slowly drained over time.

Without any real positive catalyst to support it, any rebound is just a bull trap.
Once the consolidation and rest period ends, the direction is more likely to break downward. At this moment, stay firmly bearish on rallies, and never blindly chase longs.$BTC ‌