Bitcoin suddenly crashes, is the real big boss actually Powell?

Many people think that this drop below 80k is all because of the US-Iran conflict.
Actually, that's only half the story.
War can only create panic,
The true determinant of market direction is still the Federal Reserve.
Because now all assets worldwide are living in one sentence:
"When will interest rates be cut?"
After the US-Iran conflict escalated, oil prices fluctuated sharply, and high oil prices increase inflation pressure.
This means the Federal Reserve might be even less willing to cut rates easily.
So the market suddenly realizes:
Uh-oh,
High interest rates might have to continue for a while.
This is the real reason Bitcoin is plunging.
Because over the past two years, one of the biggest underlying reasons for Bitcoin's rise was the expectation that global liquidity would loosen again in the future.
But if rate cuts keep being delayed, market valuation systems will come under renewed pressure.
And tonight’s non-farm payrolls are the key test.
If employment remains strong, it indicates the US economy doesn’t need a "rescue," and the probability of the Fed continuing high rates will be higher.
Bitcoin might continue to be under pressure in the short term.
But if non-farm payrolls are significantly below expectations, the market will reignite hopes for rate cuts.
At that point, it wouldn’t be surprising if Bitcoin reattacks 80k or quickly recovers its losses.
So the market now looks especially like:
One side worries about war;
The other hopes the economy worsens;
And in the end, we still have to thank the Fed for not being too hawkish.
Wall Street is no longer just schizophrenic,
It’s starting to be “quantum split.”#比特币跌破8万美元