The Federal Reserve is not flooding the market anymore. Will Bitcoin suffer? Hold on, let's talk about the US dollar first.

Today, big news from the foreign exchange world directly related to our wallet's strength — Powell made a statement: Don't expect the Fed to cut interest rates and "print money" immediately! What does this mean? The US dollar, this "big shot," won't depreciate recklessly in the short term. Although the exchange rate dipped a bit that day, as long as economic data in the future isn't disastrous, the dollar's position should remain relatively stable.

What does this have to do with the crypto market? It’s a huge factor. Hot money in the market often moves inversely to the dollar. If the dollar refuses to weaken or even strengthens, those funds that initially wanted to jump into the crypto space for high returns might turn around or just hold back. In the short term, this acts as a stress test for the market. Mainstream coins like Bitcoin and Ethereum are likely to face pressure, and volatility could increase.

What should we do now? Here’s my personal view:

In the short term, don't make reckless moves. Keep your wallet tight these days, watch more and act less, especially avoid impulsive chasing of highs. Focus on upcoming US employment and inflation data. If the data is strong, the dollar will stay firm, and the crypto market might continue to be sluggish and volatile; if the data underperforms, the dollar will be on a roller coaster, and the crypto market will likely jump around too, bringing both opportunities and risks.

For the long term, don’t scare yourself. The fundamental logic of the crypto market ultimately depends on blockchain technology progress and regulatory policies. The dollar-related factors are mostly short-term emotional and capital disruptions. Don’t panic and sell off at every wind of change.

To sum up: Powell has put a safety net under the dollar. The short-term capital situation in the crypto space might be affected, so patience and observation are needed. But long-term players shouldn’t panic. Keep investing steadily, do your research, and don’t be shaken out by short-term volatility. Remember: the bigger the storm, the more you should hold onto truly valuable assets!