Bitcoin will have to keep an eye on two windows next week.
Let's start with 3 a.m. on December 11 - the moment the Fed throws out the interest rate decision, the market's nerves will be stretched to the extreme. Interest rate cuts as scheduled? Crypto assets are likely to eat dividends. But if Powell suddenly puts out a hawkish face at the press conference, the callback can hardly run away, and the subsequent statements of other officials will also affect the transmission of emotions like dominoes.
Another point worth paying attention to is before December 9 - Fed chairman candidate Hassett will attend a summit. If this person pops up a few crypto-friendly words in public, the market confidence index can immediately jump up.
The interest rate cut is basically settled, but the real suspense is in Powell's mouth. This kind of key node, God bless you not to make any moths come out!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
BlockchainGriller
· 19h ago
Powell's mouth is really amazing, and one sentence can determine the life and death of our wallets
View OriginalReply0
LucidSleepwalker
· 19h ago
Powell knew that he was going to smash the market with just one mouth, this guy was really amazing
View OriginalReply0
ImpermanentPhilosopher
· 19h ago
Powell's mouth is indeed an X factor, bet he doesn't make a job
View OriginalReply0
PonziWhisperer
· 19h ago
If Powell comes up with another set of hawkish arguments, I will smash the market directly
Bitcoin will have to keep an eye on two windows next week.
Let's start with 3 a.m. on December 11 - the moment the Fed throws out the interest rate decision, the market's nerves will be stretched to the extreme. Interest rate cuts as scheduled? Crypto assets are likely to eat dividends. But if Powell suddenly puts out a hawkish face at the press conference, the callback can hardly run away, and the subsequent statements of other officials will also affect the transmission of emotions like dominoes.
Another point worth paying attention to is before December 9 - Fed chairman candidate Hassett will attend a summit. If this person pops up a few crypto-friendly words in public, the market confidence index can immediately jump up.
The interest rate cut is basically settled, but the real suspense is in Powell's mouth. This kind of key node, God bless you not to make any moths come out!