The official announcement of the new Federal Reserve Chair is imminent, and this news has directly ignited market expectations. Currently, Bitcoin has fallen back from its high to around $89,000, and Ethereum has also failed to hold the $3000 level, with both major cryptocurrencies experiencing repeated fluctuations. To be honest, tonight's risk event could play a "directional" role in the subsequent market—it will directly influence whether the market continues to surge into a new growth cycle or first undergoes a round of adjustment and accumulation. Every shift in macro policy could rewrite the short-term technical and sentiment aspects, so the upcoming data and official statements, to some extent, serve as the market's "compass" for the next steps.