My view is that overall, this week is somewhat short-term pessimistic from a macro perspective. This kind of market makes traders overly imaginative and expectant. Everyone thinks that Powell might lead to a decline, so risk capital is avoiding risks in advance. This situation of market "guessing" might be more uncomfortable than a direct negative impact. Of course, a problem can have different effects from different angles. If we are optimistic enough, we can understand that the early decline can effectively mitigate the drop caused by Powell's hawkish remarks. Moreover, if the market moves ahead, once Powell finishes speaking, as long as he doesn't completely dispel the expectation of a rate cut in September, the market will inevitably rebound. However, if Powell's remarks are dovish, as predicted by Bank of America, the "Sell the news" might be completed in advance, leading to a slight drop after the dovish comments, completing this wave of decline. Personally, I feel that after waiting for Powell's speech this week, regardless of how much the price drops, it should be about the same next week. In fact, since last year, I have noticed that whether it's macro positive or negative, it often only ferments for about a week. The macro narrative that the market anchors on will be reselected in the following week. So, I basically view the current positives and negatives on a "weekly" basis! #Bitcoin This is also why I let Ni Dajia guarantee the margin. If the liquidation is below 100,000, or even below 90,000, I feel very secure for now. Currently, the negative news I can see cannot temporarily push the price below 100,000. Of course, excluding "black swans"!