The market has gone crazy again! Yesterday, Fed Chairman Powell was still "loosening" things for banks - allowing them to freely engage in encryption business, and everyone was guessing when giants like JPMorgan and Citibank would jump in. As a result, today Reuters directly dropped a bombshell: insiders revealed that Powell is going to resign.

As soon as the news broke, the market went into a frenzy. U.S. stock futures were volatile, the dollar index plummeted, and Bitcoin surged even more—jumping directly from $81,000 to $91,000. The increase can be described as a "roller coaster."

There are now three particularly heart-wrenching questions:

First of all, liquidity is usually tight at the end of the year, so what is the intention behind resigning at this time? Is it to add to the market's troubles?

Secondly, what exactly will be discussed in the emergency meeting at 7 PM tonight? Will there be a sudden reversal of stance on encryption, making a 180-degree turn?

Third, will the next person be a hawk or a dove? This directly determines the fate of encryption assets going forward.

A look back at history reveals that changes in leadership at the Fed have never been a minor issue. When Powell took office in 2018, Bitcoin plummeted 40% in a month; during his reappointment in 2022, the US stock market earnings season set a record for the worst performance in a decade.

But don't panic too much. A dovish successor might lower interest rates ahead of schedule, and the encryption market could take off directly; even if a hawkish one comes, after a short-term pain, it might turn out to be a good opportunity to buy the dip. Look at now: the Grayscale GBTC premium is expanding, the fear and greed index has already soared to "extreme greed", and smart money has already started to position itself.

What do you think will come out of tonight's meeting? Can Bitcoin break through the 100,000 barrier?