At 22:00 today, Fed Chairman Powell will deliver an important speech at the Jackson Hole Central Bank Annual Meeting, attracting high market attention. Before this, the Crypto Assets market experienced a slight pullback, with Bitcoin and Ethereum falling by 0.74% and 0.1% respectively, priced at $113,018 and $4,284.

Powell's speech this time is themed "Economic Outlook and Framework Assessment", and he is expected to elaborate on his views on the current macroeconomic situation and discuss the Fed's long-term policy objectives. This is also part of the Fed's policy framework review that occurs every five years, which is significant.

The market still anticipates a rate cut by the Fed in September, but recent economic data has weakened this expectation. Some Fed members remain vigilant about inflation issues, believing that inflationary pressures are still stubborn. If Powell's speech leans hawkish, it could trigger risk-averse sentiment in the market and could even lead to a fall in Bitcoin prices of up to 30%.

It is worth noting that most of the content of the Jackson Hole meeting will not be broadcasted to the public. However, about five Fed officials are expected to give media interviews on August 22, which will become another important channel for the market to obtain policy information. Historical experience shows that media interviews with central bank officials often reveal recent policy trends more than academic discussions.

This speech and the subsequent interviews with officials will provide important clues for the market, helping investors better understand the Fed's policy stance and the future direction of the economy. Crypto Assets market participants should closely follow this information in order to adjust their investment strategies in a timely manner.