Old Powell is also two-faced, last night the market had a big pump, it was just one word from Powell that ignited the whole scene.

In the past few months, the tone that the Federal Reserve has conveyed to the market has been "cautiously observing, avoiding premature easing," but yesterday's speech took a completely different turn.

Three key points:
1️⃣ Policy Shift: First signal of rate cut released, no longer just "wait and see."
2️⃣ Employment concerns: Emphasizing "significant slowdown," the downward risk in employment outweighs inflation worries.
3️⃣ Inflation marginalization: Acknowledging that targets are not met, but with reduced weight, the Federal Reserve cares more about employment.

The signal for the start of a new bull market has already appeared. Personally, I believe this wave has a second leg, and I am fully invested in $ETH, just waiting to reap the rewards!

Key observation points
👉Non-farm payroll on September 5: If employment data continues to weaken, then a rate cut is almost a certainty, and the crypto market would be equivalent to getting a direct lifeline.
👉CPI on September 11: Even if it's slightly higher than expected, as long as the job market is weak, the Federal Reserve may still "dove to the end." The market will automatically interpret this as "stagflation, but still needs to cut interest rates," which is more favorable for BTC.
👉CME interest rate futures: As long as the probability of rate cuts remains above 75%, market expectations will not collapse.