The weekend market has not changed much, and the trend continues to move sideways. It is now a fact that there is significant short-term pressure, as many coins have broken out without any follow-up movement. The market is probably waiting for the interest rate meeting on the 1st of next month, and the market expectations should have already been fully reflected. The current question is how old Powell will speak.

According to old Powell's previous style, when prices rise, he speaks firmly; when prices fall, he speaks softly. So, there is undoubtedly still a lot of pressure now, which adds short-term pressure. Therefore, we still need to see the market’s feedback after his speech, which may cause a short-term downward dip.