Heavy weight! Powell Showdown: Fed cuts interest rate to see tariff face, Trump's haste is useless! Last night, Federal Reserve Chairman Powell made it clear that if it weren't for concerns about the impact of tariffs on anti inflation results, he could have cut interest rates based on recent economic data! Although the possibility of a rate cut next month has not been ruled out, it sends a cautious signal, implying that a decision will be made at least until the September meeting, depending on the price fluctuations caused by tariffs. Bitcoin crouched at 98000V and returned to the 106500 level again, which is the starting point of the sharp decline on the 20th. There are countless reasons for the market to harvest. From a morphological perspective, there is still room for Bitcoin to rebound above 108500, which is the top of the downward channel. 106500-107300 can be empty, and below 103500-102500 can be many. Pay attention to the approaching end of the month time node. Although the market funds have quickly recovered after the sharp decline, they have not kept up. Some knockoffs may still have room for rebound, but retail investors always want to catch up with knockoffs to make up for gains, and are vigilant about the risk of market washing back and forth. When the market is volatile, both long and short positions are acceptable, but it is also important to always carry a good stop loss strategy. In addition, Federal Reserve officials expect tariffs to push up prices this summer and disrupt the downward trend of inflation. Due to doubts about the transfer of costs by enterprises and the strong performance of the economy and job market, Powell believes that there is no need to rush to cut interest rates. Previously, Trump strongly demanded a rate cut, but did not receive support from lawmakers. There were also different opinions within the Federal Reserve, with most expecting a rate cut within the year, but a minority holding opposing views. Powell bluntly stated that the transmission of inflation data and tariffs on retail prices in June and July will affect the direction of policies! Positive news: Guotai Junan International has been officially approved to provide virtual asset trading services such as cryptocurrency. On June 24th, Guotai Junan International Holdings Limited, a subsidiary of Guotai Haitong Group, was officially approved by the Hong Kong Securities and Futures Commission. After this license upgrade, customers will be able to directly trade virtual assets such as cryptocurrencies (such as Bitcoin, Ethereum, etc.) and stablecoins (such as Tether) on the Guotai Junan International platform. This news may bring a lot of capital into the market, so if we don't cut interest rates in July, there may still be a chance for the market to break through new highs, just like the market in April and May. After all, this wave of rapid insertion and withdrawal clearly doesn't want people to use land price chips. For short or short positions, it is important to always manage risk effectively to prevent market crashes.