There are still several time points in the future that need to be taken seriously: CRCL Financial Report on May 11th May 15th: Powell's official term ends and Warsh takes office 3. June FOMC: The first meeting hosted by Warsh was the policy setting window In July, Jackson Hole: Warsh's first chairman's speech will clarify the QT pathway 5. Pass the CLARITY Act before the August congressional recess: otherwise, after reopening, lawmakers will have to busy themselves with midterm elections 6. September FOMC: The earliest window for substantive policy implementation Just for the current market, there doesn't seem to be a very good buying point. But the time points listed above conceal many events that may trigger market volatility. It seems much better to closely observe the market trend and find a more suitable price to enter at that time than to be anxious now In terms of importance, after taking office, the Federal Reserve's stance and pace on interest rate cuts and QT were the most important after Walsh took office Secondly, the progress of the bill also greatly affects encryption related targets. If the bill is passed, it may bring out all the benefits, but if it is not passed, it may become a disadvantage and lead to fund outflows.