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At 10 PM tonight, Fed Chairman Powell will deliver an important speech at the Jackson Hole Global Central Bank Annual Meeting. This speech could have far-reaching effects on the Crypto Assets market, and here are three possible scenarios and their potential consequences:
1. Mild stance: If Powell's speech suggests a possible interest rate cut in September, the crypto assets market may experience a surge. Bitcoin is expected to break the $120,000 barrier, Ethereum may exceed $4,000, and other crypto assets may rise accordingly.
2. Tough Stance: If the speech content dispels the market's expectations for interest rate cuts, Crypto Assets may face downward pressure. Bitcoin may test the support level of $100,000, while Ethereum may retreat to around $3,000. Investors may shift funds to stable coins or dollar assets to avoid risks.
3. Ambiguous Position: If Powell's speech fails to make a clear statement, the market may maintain a volatile pattern. In this case, investors need to closely monitor future employment data and inflation indicators to assess the Fed's policy direction.
Regardless of the outcome, this speech will be a key factor influencing the short-term trends in the crypto assets market. Investors should remain vigilant and prepare for various scenarios. At the same time, it is important to pay attention to long-term investment strategies and not let short-term fluctuations overly affect judgment.