The plunge has been confirmed!!! Tonight!!!

Fed Chairman Powell will speak at the Jackson Hole Symposium at 22:00 Beijing time tonight. The market is paying close attention to his insights on inflation, economy, and monetary policy. This speech will have a significant impact on global finance!!!

The market attaches great importance to Powell's speech. He may show a "Tai Chi" attitude in the complex balance of inflationary pressure, economic growth and job market, fine-tuning of market expectations, policy consistency and maintenance of central bank credibility, and the intertwined influence of international monetary policy. He is expected to adopt neutral rhetoric to stabilize the market economy and move forward steadily.

Therefore, Powell is unlikely to release a clear loose monetary policy, which may lead to disappointment in market sentiment and trigger another relatively large correction in the crypto market!!!