The probability of a rate cut tonight is basically 0, because Trump's tariffs have caused inflation to rebound, and the Federal Reserve (FED) is hesitant to act rashly for fear of losing control of prices again.

So there is no need to pay too much attention to interest rate cuts.
The key focus is on Powell's speech.
Powell's speech is the main event:
Dovish (bullish): Suggests a rate cut in June or July, even saying "ready to act at any time" → Bitcoin may soar directly.
Neutral (Oscillation): Play Tai Chi, saying "Let's see the data to decide" → The market drops first and then moves sideways, waiting for subsequent signals.
Hawkish (bearish): Emphasizing "Inflation is too high, we must endure" → Bitcoin may plummet
Tonight's market depends entirely on Powell's words. Either reduce positions in advance to watch the show, or set good stop-losses to buy the dip. Remember, The Federal Reserve (FED) dares not let the market crash, but also dares not let inflation explode, so the probability of "playing Tai Chi" is the highest. Don't be fooled by short-term fluctuations.