Recently, the Crypto Assets market has experienced severe Fluctuation, with many investors closely following the Fed's movements. The market generally believes that the current Whipsaw and dumping primarily stem from uncertainties regarding the timeline for the Fed's interest rate cuts. Investors have significant disagreements over the expectations for interest rate cuts, leading to a reshuffling of the market and a redistribution of chips.

At 22:00 tonight, Fed Chairman Powell will deliver an important speech. Market participants will judge whether there will be a rate cut in September based on his remarks, and whether the high interest rate policy will continue. According to Powell's past performance, he is likely to maintain a hawkish stance while also hinting at a subtle balance of a possible rate cut in the future.

For the trend of Bitcoin (BTC), investors should pay close attention to the $11,000 level, as a drop below this may test support around $10,800.

In this moment filled with uncertainty, investors must act cautiously. During Powell's speech tonight, it is advisable to strictly control positions and manage risks. Regardless of how the market fluctuates, it is crucial to remain calm and rational.