$BTC $ETH Breaking news! 12:20 AM! One word from Powell could determine whether Bitcoin will fall or rebound. Tonight (October 14th) at 12:20 AM Beijing time on Wednesday, Federal Reserve Chairman Powell will deliver a speech on the "Economic Outlook and Monetary Policy." His words are crucial, directly influencing everyone's judgment on the Fed's pace of interest rate cuts and monetary policy, and ultimately, whether the currently tumbling cryptocurrency market will fall further or stabilize. Blockchain data company Santiment previously stated that last Friday's sharp drop in cryptocurrencies wasn't solely due to the tariff news. Retail investors blamed the tariff standoff, but there's actually a more problematic issue at play in the market: excessive leverage, widespread long positions, and concentrated long positions. Investors are now watching Powell, waiting for any hints about when and by how much the interest rate cut will occur. Currently, the market generally believes that the central bank may cut the rate by 25 basis points in October and December, with futures markets indicating a 97% and 89% probability of rate cuts at these dates, respectively. Powell's speech should clarify the Fed's outlook on current inflation, economic growth, and the impact of tariffs. His tone will determine whether market confidence is returning or has completely cooled. Let's keep an eye on it! #Federal ReserveMeeting #USTariffs