Everyone has misinterpreted Powell's speech.

When asked by a reporter whether there is value and benefits in the country establishing Bitcoin reserves, Powell's exact words about not allowing Bitcoin ownership were: The Federal Reserve Board has stipulated the assets we can hold in reserve, and we currently do not allow the ownership of cryptocurrencies. We are not seeking legal changes ourselves; such issues should be considered by Congress, not the Federal Reserve seeking legal changes.

The meaning is very clear: we simply do not allow BTC to be held as reserve assets at this time; the future depends on Congress's decision, not us seeking legal changes on such issues, but rather Congress deciding!

Isn't this good news? Is the market misinterpreting it like this?

So now I understand how to operate it.

Taking things out of context; that's not exactly what was said.

Clearly a positive development, yet it is misinterpreted as a negative one.

When asked by reporters whether it is valuable and beneficial for the country to establish Bitcoin reserves, Powell's original statement about not allowing ownership of Bitcoin was: The Federal Reserve Board stipulates the assets we can hold in reserve; we currently do not allow the possession of cryptocurrency, and we are not seeking legal changes ourselves. Such issues should be considered by Congress, not by the Federal Reserve seeking legal changes.

The meaning is very clear: We just do not currently allow owning BTC as a reserve asset, and we are not the ones seeking legal changes on such issues; it is up to Congress to decide!

Isn't this a positive signal? Is the market taking this out of context?

What kind of cats and dogs are coming out, just one sentence, is Trump cutting himself? So many companies on Wall Street hold BlackRock ETFs, the cost is already 100,000, is he cutting himself? A silly dog, right now retail investors don't have any Bitcoin at all, if you can't understand it, don't play the role of a hindsight expert. Powell is clearly setting the stage, on one hand, solidifying the correctness of his policies, and on the other hand, everyone understands.

One moment they say Bitcoin is digital gold, the next they say it’s not worth anything. How do you think retail investors should listen? What is certain is that retail investors no longer hold Bitcoin, there is a panic sell-off, and they are all shorting.

The recent Fed dot plot shows that there will be two rate cuts in 2025. My view is that no matter how many times the Fed decides to cut rates in 2025, it is a positive for Bitcoin. If the hawkish scenario involves two cuts or fewer, it will increase the trillion-dollar interest expense, which is positive for Bitcoin in terms of inflation. If the dovish scenario involves more cuts, it is also positive due to liquidity. Regarding Powell's speech, I personally believe that to stabilize the market, he will lean dovishly.

Will not sell in advance? Sold over 7 billion dollars already.

Is it useful to look at 5 minutes of data?

Shorting now is purely a sign of insanity

For friends making contracts, let me explain why you always lose more than you win. Because: when you go long, you will find that all the stop-loss settings are either retracing or rebounding after a loss. It's always a stuck point; even if you don't set it, it's still stuck at your liquidation price. What you don't understand is that you are actually gambling against the exchange when you place orders. Do you have a chance to win? Because others can see your hole cards, winning 10 times is just small amounts, but losing once is a big amount. Winning 100 times is still not enough to cover one liquidation. This is why you always lose.
Prediction: Bitcoin will exceed $120,000 on January 20, 2025, stay tuned.

You win 10 times, but it's not enough to cover one loss. Do contracts, and in the end, you'll never make money.

You are going to explode

Big A is not easier to earn than this, tens of trillions, tens of trillions 😁

Do you really not know that the bull market has been greedy for months? It's only been a few days?

Hasn't it already adjusted back to 90,500? Are you still waiting? This obvious upward trend will eventually rise to the banana zone.

Ethereum will definitely break 4800 after Bitcoin reaches its peak.

As predicted before, Bitcoin will continue to rise. Looking at the trend of the US market after it opens tonight, it is likely to continue to rise. Even if there is a pullback, the general trend will be rising before Trump takes office. The target price of Bitcoin is 120,000 U. If it breaks through 120,000, it will go to 148,000 U. Don't try to short in a bull market.

Because your understanding is insufficient, the major trend before January 20 is an increase