The contract market has seen a large-scale long position liquidation again, and altcoins have also shown varying degrees of decline.
The intensification of the geopolitical situation, coupled with the speech of Federal Reserve Chairman Powell, the market interpreted it as another hawkish signal.
The statement that there is no rush to cut interest rates quickly is like a "mountain pressing down on the head" for the market.
Judging from the market reaction, the trend of the US dollar, gold and US Treasury bonds is closely related to Powell's speech. His remarks seem to reveal the direction of non-agricultural data this Friday in advance.
