Yellen's speech last night still revealed two important signals:
1. The US economy is stable and there is hope for a soft landing: Yellen told everyone that the current economic situation in the United States is quite good, a bit like sliding down a slide slowly, but not falling directly to the ground. She believes that as long as we are careful, the US economy may have a stable "soft landing", that is, it will slow down slowly, but there will be no sudden problems.
2. The labor market must be protected, and interest rate cuts may still be needed: Let's talk about work. Yellen said that it is still easy for everyone to find a job now, and the market is quite stable. However, this stability is also a bit fragile, like a castle built with a pile of small stones, which may fall apart if you are not careful. Therefore, she hopes that the Federal Reserve can continue to help and protect this "castle" by lowering interest rates, so that everyone's jobs are stable and they will not lose their jobs suddenly.
In general, Yellen's words gave the market a reassurance, telling everyone that the economy is still good and work is still good, so there is no need to worry too much. For the crypto market, although Yellen did not mention it directly, such economic signals are beneficial to the overall market environment. People may feel that there are more investment opportunities, so the price goes up.
However, although the price has risen, the turnover of#BTCon the chain is low, and the biggest possibility of the rise is still the low liquidity. Therefore, we still need to continue to observe the effectiveness of the 65,000 breakthrough! (Strength, time, linkage!)
