Powell's speech has ended. The gist of it is: inflation has rebounded, the employment situation has not weakened, the US economy has not shown any signal of a need for a rate cut, and it is even very likely to stop the rate cut.

If there is no rate cut at the end of this year, this is good news for the previous market's expectations of a rate cut, so everyone must pay attention to defense.

Once this happens, when the price of Bitcoin retreats from a high level, the altcoin market will be miserable, just like a "disaster".

The CPI data released is 2.6, which is not good for the general direction.

Although the price of Bitcoin has risen before, I think this is just a phenomenon of last gasp.

Yesterday, the price fell as soon as the US opened, which actually implies that the US market has long been aware of the future development trend in advance.

The fear and greed index has reached 88, so everyone must pay attention to the risks themselves, don't take it lightly! #XRP短线上扬 #市场回调，观望还是上车？ #BTC☀ #ETH🔥🔥🔥🔥