Powell confirms: BTC surges

It’s not that people guessed correctly, but that Powell never disappoints the market.

In his speech that attracted worldwide attention last night[1], Powell confirmed:

1. Confidence in the sustained return of inflation to the 2 percent target has grown. He said, “My confidence has grown that inflation is on a sustainable path back to 2 percent.”

2. The job market has cooled. He said, “Today, the labor market has cooled considerably from its formerly overheated state.”

3. Economic growth remains resilient. He said, "Overall, the economy continues to grow at a solid pace.

He further emphasized, "The upside risks to inflation have diminished. And the downside risks to employment have increased. As we highlighted in our last FOMC statement, we are attentive to the risks to both sides of our dual mandate.

He categorically confirmed, "The time has come for policy to adjust.

How can this be called a "hint". This is already an "explicit statement", okay?

However, regarding the pace and degree of adjustment, he said: "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.

It is exactly the same as what was said in [Yesterday's Internal Reference].

Powell's speech, the ceiling of language art.

Just as Powell was speaking, the long and short sides of BTC started a fight. First, the longs suddenly pulled BTC from 61k to over 62k in 15 minutes, and then the shorts took three 15 minutes to push the longs back from 62k to 61k. But the shorts were ultimately powerless to turn the tide, and the evenly matched zero-sum game in the market could not change the direction of external forces. BTC started to surge from 61k, and by 5 am, it had risen above 65k.

In the morning, Jiaolian saw this scene and sent a greeting: "Whenever the price surges, don't just ask whether it goes up or down, first ask whether your position is enough. Let's encourage each other. Good morning!"

The community showed all kinds of people: some people were secretly happy with the rise in their positions. Some claimed that they had already won the prize by clearing their positions and taking profits. Some regretted reducing their positions and waiting for the price to fall, not knowing whether they could still get on the train. Some cried and screamed because their positions were liquidated and they lost everything. Some swelled their faces and pretended that their short positions were not painful.

There was even a violent theory that 100,000 dollars was just the starting point, and that they had to short their positions now and wait until 100,000 dollars to get on the train to be stable.

Some people have gone crazy and threatened to wait for 25,000 with empty positions. If they can't wait in this life, they will let their sons and grandsons continue to wait. If their sons and grandsons can't wait, they will let their grandsons and grandsons continue to wait.

All these are magnificent.

There is a saying that people can't teach people, but things can teach people. But it seems to be out of order in this market. No matter how many times the position is blown up or how many times it loses everything, it still remembers eating but not the beating.

The fate of the contract is to blow up. The end of the empty position is to be out.

Many people claim that they are both long-term believers in BTC and short-term short sellers and order openers. Jiaolian doesn't believe a word of this.

The touching part of this logic reminds me of a famous Russian prostitute who worked as a prostitute all her life, but claimed to be the purest and cleanest woman in the world.

Of course, if the so-called "purity" and "cleanliness" mean not making money, then long-term holders of BTC will indeed be labeled as "impure" and "unclean".

But just like the heartbreaking story in the Italian movie "Malèna", in this absurd world, how can we distinguish between the pure and the impure, the clean and the unclean, the depraved and the non-depraved?

In the eyes and hearts of the depraved, those who refuse to degenerate are the depraved.

He laughed. He derogated. He was crazy.

Buddha said, all living beings suffer.

All living beings suffer, but they are obsessed with delusion.