The upcoming Federal Reserve interest rate decision is undoubtedly one of the most closely watched events in the cryptocurrency world. The decision results, expected to be announced at 2 AM on October 29, could have a profound impact on the Bit market.

Although the market generally expects a 25 basis point rate cut, the real focus is on the speech by Federal Reserve Chairman Powell. His remarks will determine the direction of future monetary policy, thereby affecting the global liquidity environment.

Currently, investors' expectations for loose policies are quite high. More than 90% of market participants expect a 50 basis point rate cut before December. This expectation has already been reflected to some extent in the price of Bit.

However, Powell's statements may trigger a completely different market response. If his remarks lean towards dovish, mentioning economic pressures and manageable inflation, it could stimulate a significant influx of funds into the Bit market, driving prices up. Conversely, if he emphasizes the risks of inflation and the necessity for cautious rate cuts, it may lead to a stronger dollar, putting downward pressure on Bit prices.

It is worth noting that the Bitcoin market often follows the "buy the rumor, sell the news" pattern. This means that even if Powell's speech aligns with market expectations, it may not trigger a significant price increase.

For investors and traders, it is crucial to pay close attention to the details of Powell's speech. At this critical moment, it becomes particularly necessary to manage positions rationally and set stop-loss strategies. Regardless of how the market fluctuates, maintaining calm and rational judgment is key to coping with market changes.