Bitcoin is trading sideways and fluctuating in low volume around $79,820, waiting for tonight’s remarks by Powell. On the surface it looks like consolidation, but underneath there are hidden currents—US spot Bitcoin ETFs have recorded net inflows for 8 straight trading days, accumulating $2.8 billion. Real money is coming in, not just talk.
Market sentiment has already returned to the “greed” range; enthusiasm isn’t lacking—what’s missing is direction. Powell’s speech this time will be the catalyst: if he hints at rate cuts, the 80k level is very likely to be broken straight through, pushing toward 85k; but if he stays hawkish, any pullback from this high-level sentiment can happen just as quickly.
For the crypto market, the biggest variable right now isn’t Iran or oil prices—it’s liquidity expectations. ETF inflows continue, combined with expectations of rate cuts; this is what’s truly pushing the BTC upward. Don’t get shaken off by short-term volatility—watch the speech tonight closely.
Market sentiment has already returned to the “greed” range; enthusiasm isn’t lacking—what’s missing is direction. Powell’s speech this time will be the catalyst: if he hints at rate cuts, the 80k level is very likely to be broken straight through, pushing toward 85k; but if he stays hawkish, any pullback from this high-level sentiment can happen just as quickly.
For the crypto market, the biggest variable right now isn’t Iran or oil prices—it’s liquidity expectations. ETF inflows continue, combined with expectations of rate cuts; this is what’s truly pushing the BTC upward. Don’t get shaken off by short-term volatility—watch the speech tonight closely.