Recently, the news that Powell is going to resign seems to be unfounded. Evidence? None. But the current market is so sensitive that even the slightest movement causes a lot of people to stir up a commotion.

To be honest, regardless of the truth, when such news comes out, the market is bound to tremble. Just look at those holding Bitcoin and Ethereum; when they hear that the Fed Chair might change, how can they not panic? Once they panic, they sell, and when they sell, the price drops—it's a typical stampede. This is called "failure of expectation management"—whether it's true or false, they sell first and talk later.

Now we need to watch two nodes: one is that Powell will have a public speech tomorrow. If he appears normally, this rumor will naturally be dispelled, and the market will likely get a breather. The other is that Trump is said to announce a candidate, what if they suddenly change people? The volatility could be significant. However, Hassett himself has come out to deny it, so for now, it's all just an illusion.

In my personal judgment, this sudden emergence of "little essays" is likely being manipulated by someone behind the scenes. Creating panic and then buying at low prices is an old trick in the crypto space. The cryptocurrency market is now too tightly bound to the Federal Reserve's policies; interest rates, inflation, and the dollar's movement all affect cryptocurrency prices. Therefore, it's even more important to remain calm during such times.

Here are a few suggestions on the operational level:
For short-term trading, don’t make any rash moves in the next couple of days. Just because you see a drop, don’t rush to buy the dip. Hold back. If your position is heavy, consider reducing it a bit during the rebound to lower your exposure risk.

In the medium to long term, who is the chairman is not the key; the key is the interest rate hike cycle and the pace of balance sheet reduction, these tangible policies. So such news is just for listening; what really needs attention are the non-farm payroll data and CPI, these hard indicators.

In summary: Powell's resignation is mostly nonsense, but the market will definitely be turbulent in the short term. For us retail investors, it’s just one word—steady. Don’t follow the emotions, wait for the official clarification before making a decision.