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Tonight could be a busy night in the markets. I saw that Jerome Powell, the Federal Reserve Chair, is giving an important speech and many traders are anxious to find out what he will say about interest rates. Powell's speech is scheduled for around 7:30 PM, and frankly everyone is looking for clues about a possible rate cut in the coming months.
When Powell speaks in these circumstances, price movements can be really decisive. They could go up or down, but it will be quick. If you're in a position, keep an eye on your profit levels and be ready to close quickly if the market moves in your favor. In the chaos of these moments, opportunities always emerge, so don't get discouraged if the first move isn't what you expected.
The key is to stay calm and not get carried away by emotions. Other opportunities will come after the speech as well. BTC and ETH will probably be the most sensitive to the initial movements, so keep an eye on these two.