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Tomorrow is Crazy Thursday!
Tonight's market is full of major events, first Powell takes the stage to give a speech, after the US stock market closes, the four major AI giants release their earnings reports simultaneously, multiple major events are happening back-to-back!
BTC and ETH are brewing, a new wave of big market movement is ready to launch.
Bitcoin doesn't care who the Federal Reserve Chair is, but the market has a strict rule: whenever the Fed Chair changes, the crypto market experiences a deep crash, and this historical pattern has been fully validated without exception.
Yellen took office, BTC plummeted 80%;
Powell's first term, a 70% sharp decline;
Powell's second term, a 58% major drop;
All three cycles have been fulfilled, none failed.
A brand new Federal Reserve Chair is about to take office in 2026, and the fourth downturn cycle has already begun.
History never lies, and this downward trend is hard to avoid.