At 10 PM tonight, the global financial market's attention will be focused on the Jackson Hole annual meeting, where Federal Reserve Chairman Powell's speech will be a key factor influencing market direction. For cryptocurrency investors, this speech may bring significant market fluctuations, necessitating a high level of vigilance.

There are three core points worth paying attention to in Powell's speech: First is the interest rate hike expectations; if he hints at a slowdown in the pace of rate hikes, it could bring short-term benefits to mainstream cryptocurrencies like Bitcoin. Second is the view on inflation; if he indicates that inflation pressures are easing, it could boost market risk appetite. Finally, the economic outlook; if he mentions the risk of economic recession, some funds may flow into the cryptocurrency market seeking safe haven.

Historical data shows that Powell's speeches often trigger significant volatility in the cryptocurrency market. After his speech in August last year, Bitcoin saw a single-day increase of 10%. The speech in June this year also led to a market decline followed by a rise. This indicates that opportunities often lie within risks.

In light of tonight's market conditions, investors may consider the following strategies: Short-term traders should reduce their positions before the speech and wait for a clear direction before acting; contract traders need to set stop-losses and be wary of extreme market conditions; spot investors can pay attention to potential unexpected declines, but still need to cautiously manage their positions.

In addition to the encryption currency market, investors should also closely monitor the trends in related markets. The fluctuations of U.S. stocks, especially the Nasdaq futures, may affect the sentiment in the encryption currency market; a significant rise in gold prices may indicate an increase in risk aversion; if the U.S. dollar index breaks through key support levels, it may provide upward momentum for encryption currencies.

In the end, regardless of how the market fluctuates, investors should remain calm, avoid chasing highs and selling lows, and not let short-term fluctuations affect their judgment. At the same time, maintaining appropriate position management and strictly executing the pre-established trading plan are key to controlling risk. In a market full of uncertainty, it is crucial to maintain rationality and discipline.