Next is the Fed meeting on March 20th. There will be no rate cut in March. The key is Powell's speech: 1- How many rate cuts are planned for this year? 2- Will the pace of balance sheet reduction slow down or stop? 3- Views on Trump's tariff policy. If he says at least 2 rate cuts this year, and slows down the reduction of the balance sheet, BTC can still rise. But never say 'I think there will be an economic recession so we need more rate cuts', such pessimistic words. In short, the more moderate the Fed's attitude, the more favorable for the market. However, keep an eye on Trump's actions on the tariff issue at all times. #币圈观察员#