Tomorrow at 2:00 AM, the Federal Reserve will announce the interest rate decision and economic outlook summary, followed by a press conference at 2:30 AM. These two pieces of news are the core key drivers of the short-term market direction. Digital assets are highly sensitive to USD liquidity; if the decision language is hawkish, maintaining high interest rates and lowering rate cut expectations, the USD and U.S. Treasury yields will strengthen simultaneously, and interest-free digital assets will remain under pressure, with the market continuing its current weakness and accelerating downward; if dovish signals are released, risk appetite will improve, leading to a market rebound; if the stance is neutral with no clear bias, the market will only oscillate in a consolidation phase, making it difficult to break into a unidirectional trend. The chairman’s speech will further amplify market volatility; tough anti-inflation rhetoric will deepen the downward trend, while signals of easing will continue the rebound, and ambiguous statements will cause wide-range fluctuations.

Later at 3:30 PM, the Swiss National Bank and at 7:00 PM, the Bank of England will announce their interest rate decisions in succession. Their influence is far less than that of the Federal Reserve, only causing short-term minor disturbances. If Switzerland cuts rates simultaneously, it will slightly weaken the USD strength and temporarily support the market; maintaining tightening policies will slightly suppress risk assets; the Bank of England’s policy generally follows the Fed’s main direction, only causing brief disturbances in the forex market, and is unlikely to change the overall core trend of the market.

Overall, the key window for market turning tomorrow is during the early Federal Reserve announcement period. The other central bank news is only secondary interference. The current market has already priced in hawkish expectations in advance. Volatility around major data releases will sharply increase. It is recommended to reduce positions in advance to avoid risks from extreme spikes and one-sided $BTC rises or falls.