Tonight is one of those evenings that moves the markets. Jerome Powell speaks at 7:30 PM local time, and all traders are already watching the clock. The point is that when the Fed Chair decides to speak, the markets listen—and usually react quite violently.

All eyes are on potential signals regarding rate cuts. Anyone involved in trading knows that these speeches can trigger significant movements, both upward and downward. Bitcoin, Ethereum, and the rest of the crypto market could swing quite a bit in the next few hours.

If you're trading tonight, volatility will be high. The strategy is simple: stay calm, manage risk well, and don't try to be a hero. If you see a strong move in your favor, lock in profits quickly. There will be other opportunities after the speech; there's no need to chase everything. Stay focused on what works.