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Powell hasn't spoken yet, and BTC has already crashed.
The funniest thing in the crypto world right now is:
Iran is responsible for making news,
Powell is responsible for causing liquidations.
This time, the escalation of the Middle East situation was originally just geopolitical risk, but the market quickly realized:
"Oil prices could reignite inflation."
So the Fed's rate cut expectations quickly cooled down, and BTC was hammered.
If tonight's non-farm payrolls continue to be strong, the market might fully accept a reality:
"High interest rates will last longer."
But if the non-farm payrolls fall short of expectations, BTC might instead see a mood recovery.
Many funds are actually waiting for a reason to re-enter the market.
So I think:
The true factor that determines BTC's direction is not missiles,
but the Fed's printing press. #美伊冲突再升级