If the pessimistic sentiment of the US stock market towards Powell's speech is transmitted to the crypto market today, then the bearish derivatives of #BTC☀ will increase. At present, the spot and futures prices in the CME futures market are the same, and the bullish force is obviously weakened.
At the same time, it coincides with the delivery day on Friday, and there may be a possibility of a pullback to clear the shorts during the day. The delivery of the delivery week will be completed tomorrow afternoon, and such an event may also occur before Powell's speech. Let's make an assumption first and see the market situation tomorrow.
