📍 What is the market waiting for from the Fed chair's speech in the coming hours?

📌Interest rate roadmap: Above all, the market wants to hear Powell reveal more about the upcoming direction: QT has ended and the QE plan in the near future. There is a significant division within the Fed, and even a slightly off-key remark from him could immediately reprice the likelihood of a rate cut.

📌 Views on the labor market and inflation: If the official acknowledges that the labor market is cooling faster than expected or that inflation is sustainably softening, the market will interpret this as a dovish signal from the Fed and, of course, the market will be strongly bullish.

📌How Powell resolves the division within the Fed: As the Fed is experiencing the highest level of internal disagreement in decades. Will the Fed chair maintain a defensive stance or open the door to a light easing cycle ahead?

📌Even without signaling a cut, the market still expects Powell to at least reaffirm the stability and transparency of the Fed. There is hope that he won't say anything too shocking to the market at a time when the liquidity in the crypto market is so fragile.

📍No need to assert, the market only needs the specific person to have a dovish inclination. The probability of a rate cut in December has now surged to 86%. The market is "very certain" about the direction of interest rates.