Powell is scheduled to speak at Jackson Hole, and there are reports that he will "open the door" for a rate cut in September.

In my opinion, this is almost like giving the market a "shot in the arm."

Everyone understands the Federal Reserve's style; it never directly says "I want to cut interest rates," but instead uses this kind of "open door" expression, which retains flexibility while giving the market enough room for imagination.
Actually, this is enough, because what the market wants is not a firm promise, but a clear signal: easing is on the way.

For me, this means several points:
1. Panic sentiment is almost at an end: After Powell's speech, the market is unlikely to crash on a large scale again.
2. Risk assets are getting a breather: tech stocks, gold, and Bitcoin will all receive support.
3. After the pullback of mainstream coins like ETH and BTC, there is a high probability that they will enter the next wave of market movement under this signal.

In other words, what the market fears most is not the lack of interest rate cuts, but "uncertainty." Since Powell has already opened the door, all that remains is to patiently wait for the spark to ignite. #加密市场回调# #Gate Alpha空投ESPORTS#