When Bitcoin pulls back, you should open a long positionBitcoin / U.S. dollarBITSTAMP:BTCUSDViolet_Trading_StrategyPowell's comments accelerated volatility across financial markets. He stated that "evolving" economic risks strengthen the case for the Federal Reserve to cut interest rates, signaling that he may support a 25 basis point rate cut at the Fed's next meeting in September. While acknowledging that the impact of the administration's trade war on consumer prices is now "clearly visible," Powell hinted that this effect is unlikely to persist and may instead be a one-time shock that the central bank can ignore. He stated, "Given the labor market is not particularly tight and faces increasing downside risks, this outcome (of persistently rising inflation) seems unlikely." He added, "The risks to inflation are upside, while those to employment are downside, creating a challenging situation." The market has broken out of its range due to news headlines, and the short-term trend is strong. Strategies should follow the trend. Bitcoin Personal Strategy Open a long position in Bitcoin around 115,500, with a target of 117,600. If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me. I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.