Analysis: The market expects the Federal Reserve to pause interest rate cuts this week, and dovish or hawkish signals from Powell may affect Bitcoin's trend

According to CoinDesk, the market widely expects the Federal Reserve to maintain interest rates this Wednesday.

The key focus of this meeting is the statement from Fed Chairman Powell during the post-meeting press conference, as his remarks may provide directional guidance for risk assets, including Bitcoin. The core concern for the market is whether this pause in rate cuts will be interpreted as a "hawkish pause" or a "dovish pause." If Powell emphasizes inflation risks, it could dampen rate cut expectations and put pressure on risk assets; conversely, if he suggests that the pause in rate cuts is temporary and opens the door for resuming cuts in the coming months, it could boost risk assets like Bitcoin.

Additionally, if officials appointed by Trump cast dissenting votes on the decision to maintain interest rates, it could strengthen market expectations for future easing policies. Powell's explanation for the decision to maintain rates may provide support for the dollar, thereby putting pressure on Bitcoin priced in dollars. He may also be asked about the Trump administration's recent housing affordability measures (which could raise short-term inflation), the judicial investigations targeting him personally, and the bond market volatility triggered by Japan, as these statements could exacerbate market fluctuations.