At 12:20 AM Beijing time on Wednesday, Federal Reserve Chairman Powell will deliver a speech titled "Economic Outlook and Monetary Policy" at an event hosted by the National Association for Business Economics. This speech comes amidst significant volatility in global markets, driven by renewed trade tensions and a sharp correction in the digital asset market. Powell's remarks could influence market expectations regarding the pace of interest rate cuts and overall monetary policy, determining whether the current downward trend in the cryptocurrency market will deepen or stabilize. Analysts believe Powell's upcoming speech will be crucial for market direction. Investors are closely watching for clues regarding the timing and magnitude of rate cuts. The market generally expects the Fed to cut interest rates by 25 basis points in October and December, with futures markets pricing in probabilities of 97% and 89%, respectively. (Jinshi)