Tonight’s key warning: Powell’s late-night speech is the biggest hidden negative catalyst in this round of the crypto market!

Don’t be misled by the bland interest-rate decision. The market has already priced in the good news expectations in advance. The apparent calm in the price action is nothing more than a false surface—only the evening speech will decide the life-or-death battle between bulls and bears.

Two major deadly risks are being set up in advance:
Inflation remains stubborn and sticky, with no sign of easing; persistent hawkish high-rate expectations continue to pressure the valuations of risk assets;
If Powell steps down, the successor will most likely continue the tightening stance, and the easing cycle will be immediately wiped out.

At present, the market is only barely propped up by existing liquidity—there is completely no new incremental capital.
A choppy, sideways trend is like boiling bulls in warm water; every rebound is a trap to lure in longs.
After the short-term consolidation ends, the probability of a breakdown and further downside is extremely high. At this stage, the thinking is clear: on rallies, follow the trend and mainly look for selling opportunities.

#WCTC交易王PK