Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

I was stunned by a piece of news this morning - "Powell might resign." Although mainstream media has not officially announced it yet, it has already been a hot topic on overseas social media, with some people seriously analyzing potential successors.



What does this have to do with the crypto market? To put it bluntly, with Powell at the helm of the Federal Reserve, his every move directly influences the direction of dollar policy. What do mainstream crypto assets like Bitcoin fear the most? It's policy uncertainty. Once the wind changes, market sentiment immediately goes on a roller coaster. More subtly, Trump said in the morning that "a nominee will be announced soon"; this doesn't sound like it came out of nowhere.

What should ordinary investors do now? First, don’t panic. Before the news is confirmed, the worst thing to do is to operate blindly. Remember two principles: first, don’t chase highs and sell lows; making moves before an official announcement can lead to taking losses; second, hold on to your core assets; short-term fluctuations do not represent long-term value. If there is going to be a change, at least wait for an official statement to come out before reacting.

My personal opinion? Regardless of who takes over, the underlying logic of cryptocurrency will not collapse just because a different person is in charge. However, in the short term, market sentiment fluctuations are almost inevitable. What is most needed at this time is not to predict the future, but to maintain a steady mindset, closely monitor the authoritative channels for solid news, and not be swayed by various "little essays."

This week may not be very calm, but panic will only make you a leek waiting to be cut. When the wind is strong, standing firm is more important than running wildly. Observing the changes calmly is the real wisdom.
BTC-7.24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
WanUDurianvip
· 12h ago
I just came over to check in, just to earn some points.
View OriginalReply0
BlockchainFriesvip
· 12h ago
Powell's announcement is being awaited, and following the trend now is just asking for trouble. It's the same story again, news is flying everywhere, and the suckers are getting anxious. I'll wait for Trump's official announcement before making a move. Holding onto BTC without doing anything is better than anything else. The short-term fluctuations are not worth the hassle. These moments really test your mindset; don't let the community's little essays brainwash you, seriously. Whoever takes over won't change the essence of encryption, so don't overthink it. I just want to know how much it will fall next week so I can buy the dip, how about that?
View OriginalReply0
AlwaysMissingTopsvip
· 12h ago
Another palace drama unfolds, and every time it's the same hassle, we retail investors have to be played for suckers once again. What’s there to panic about? After all, it’s still us little suckers who end up suffering in the end. It sounds nice to say hold on to core assets, but when the price falls, it’s still just a Cut Loss. This week, we’re going to be at odds with official news again, it’s so annoying. Just wait, it’s definitely going to be another wave of being played for suckers, it never fails. So now the question is whether to do Coin Hoarding or take a Short Position; no one can really say for sure. Rather than listening to predictions, it’s better to let the K-line speak; the market is always the most honest.
View OriginalReply0
SigmaBrainvip
· 12h ago
It's another one of those incomprehensible messages that almost made me Cut Loss. Whether Powell is leaving or not, Bitcoin has already taken a rollercoaster ride... As soon as the rumors come out, the market is all in a trap. I just want to know, how many people are going to get trapped this time?
View OriginalReply0
HappyToBeDumpedvip
· 12h ago
Again, it's this kind of half-true, half-fake rumor. Every time, it scares a bunch of people into following the trend to buy the dip, and I just chuckle. Before the news even lands, they start analyzing the successor. This rhythm is no different from retail investors trading stocks. The saying about holding core assets is correct. Instead of guessing who will take the stage, it's better to see if your own mindset is stable. I really don't understand why people start self-hypnotizing every time there's a policy change. The underlying logic won't change just because a new person comes in. Whether short-term fluctuations are opportunities or traps depends on whether the chips in your hand are solid enough.
View OriginalReply0
GasFeeTearsvip
· 12h ago
Another wave of policy turmoil is coming, should we really panic this time? It feels like this happens every time, as soon as the news comes out, everyone on the internet starts making up stories... To be honest, watching the market is not interesting; it’s more reassuring to wait for the official announcement anyway, since moving now is pointless. Just hold on to core assets, that’s all you need to do. What’s the big deal about short-term fluctuations? Those who make predictions every day are just talking nonsense. Whether Powell changes personnel or not, the underlying logic of Bitcoin is still there, so don’t let market emotions lead you by the nose. In times like this, staying calm is valuable; those who panic have already been played for suckers.
View OriginalReply0
MoonRocketmanvip
· 12h ago
Powell's resignation, looking at the technical side, the RSI has already entered an extreme zone, market sentiment is extremely overheated, it's recommended that everyone prepare for a high stop loss, don't get derailed by this wave of public opinion. The launch window hasn't really opened yet, those who are blindly operating now are just providing fuel for the market makers. Wait for the official announcement to land before taking action, that's the correct posture for escape velocity. Short-term fluctuations are just gravitational pullbacks, holding onto core assets is the way to go, the long-term trajectory hasn't collapsed, there's no need to panic and increase positions. The Bollinger Bands have expanded to the limit, a pullback is expected later, it's advised not to chase prices or sell with a bearish market. This week's launch countdown might be very exciting. Policy uncertainty = the biggest resistance level. Before the news is confirmed, the most taboo thing is to go full position. Just stick to the 1.618 Fibonacci ratio.
View OriginalReply0
TaxEvadervip
· 12h ago
When such news is flying everywhere again, I know the damn suckers are about to collapse. Hold on to BTC and don’t move, wait for solid evidence before acting, moving now is just giving away money. Trump’s words are even less reliable than the market. Powell changing people won’t change the logic of Bitcoin, don’t think too much about it. This is the time that tests human nature the most, let’s see who can hold on without being played for suckers. Whether it’s true or false doesn’t matter for now, anyway I’m not moving, silently making a fortune. Another round of playing suckers is about to start, the same old routine. Policy uncertainty? Then you must hold on tightly to core assets, those who sell at this time are fools.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)