Powell's speech this time was very firm
First: Released a signal for interest rate cuts, believing that the current unemployment rate is still low, and further cuts can be made.
Second: For the first time publicly endorsing Bitcoin, stating that Bitcoin is like gold, which can be seen as an official endorsement of the long-standing comparison of digital gold.
Third: The interest rate cut cycle will not be changed.
After these points were made, Bitcoin broke through the blockade of several days and the descending triangle range to reach the upper edge, with a breakthrough of 100,000 just around the corner!
