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🚨 **A critical battle in the crypto world is coming tonight! At 20:30, Federal Reserve Chairman Powell's speech will dominate the market direction**

**⭐️ Core Event**
- **Beijing Time 20:30**: Fed Chairman Powell speaks
- **Key Focus**: Monetary policy stance, inflation statements, October interest rate cut expectations guidance
- **Market Status**: Bitcoin has fallen below the key support level of $121,500, the U.S. dollar index has risen to 99.10, and gold remains steady around $4,040.

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### **I. Two Major Key Signals**
1. **Powell's "Dovish-Hawkish" Stance**
- **If dovish** (emphasizing economic risks, supporting interest rate cuts): Bitcoin may rebound and challenge previous highs, while gold is expected to突破4050美元.
- **If Hawkish** (Cautious about inflation, downplaying rate cuts): The US dollar may strengthen further, putting pressure on risk assets.

2. **US Dollar Index and Technical Analysis**
- If the US dollar index stabilizes above 99.0, it may suppress cryptocurrencies.
- Bitcoin key support level: $121,500; if breached, may test $120,000

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### **2. My Exclusive Layout Ideas**
1. **Bitcoin**
- **Long Position**: Open a light long position at 121,500-122,000, stop loss at 121,000, target at 123,500-124,500
- **Short Position**: If it falls below 121,000, short it, target 120,000

2. **Ethereum**
- Long position in the range of 4,430-4,480, stop loss at 4,400, target at 4,600-4,700

3. **Altcoin Strategy**
- Focus on strong tokens (such as BNB, SOL) and avoid weak currencies.
- Position ≤10%, strictly implement stop loss

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### **3. Risk Warning**
- **Increased Volatility**: Government shutdown leads to missing economic data, market sensitivity surges
- **Liquidation Risk**: Over 170,000 people have been liquidated in the past 24 hours; leverage should be used with caution.
- **Contagion Effect**: If gold falls below $4,000, it may lead to further corrections in Bitcoin.