So, what time is Powell speaking tonight? According to the latest updates, it's at 7:30 PM. Almost all traders are waiting for this speech because he might say something about rate cuts, and you know how the market reacts when the Fed speaks—things move quickly. I've noticed that volatility has already increased in the past few hours, like the market is holding its breath before Powell starts speaking. Personally, I think the time Powell speaks is the most critical moment of the day for open positions. If you're going long, watch the resistance levels. If you're going short, do the same but in reverse. What worries me is that after the speech, there could be very sharp movements, so it's better not to be overly exposed. I've seen too many times the market make a decisive move and then regret it. Anyway, the exact time Powell speaks is 7:30 PM, so a few more hours to go. In the meantime, BTC and ETH are holding their current levels. I think new trading opportunities will come after the speech, so it's better to be prepared rather than chasing the move. Manage your risk well tonight.

BTC-0,04%
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