According to analysts at Deutsche Bank, Fed Chairman Powell is unlikely to announce a major policy shift in the upcoming speech, but it is likely that he will leave room for a 25 basis point rate cut in September.

Currently, the Fed is still closely monitoring economic data and will not take aggressive policy changes for the time being. However, considering the current economic pressures, there is a possibility of a slight interest rate cut of 25 basis points in September. Although Powell has often released important policy signals at the Jackson Hole conference in the past, this year's stance may be more cautious, but it is reasonable to give the market some expectations of a rate cut.

In short, tonight's speech is unlikely to announce a significant rate cut, but the policy direction has begun to tilt towards easing. Investors and market participants should focus on the Federal Open Market Committee (FOMC) meeting in September, paying attention to the Fed's specific policy decisions.

In this economic environment, investors need to stay vigilant and closely monitor market trends. The cryptocurrency market may react to signals from the Fed, especially mainstream cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) which may experience volatility. At the same time, some emerging crypto projects such as OM, SUI, SOL, and FUN are also worth paying attention to.

With the changing policy environment, investment strategies need to be adjusted in a timely manner. Maintaining sensitivity to information and tracking market trends may help investors find opportunities in this uncertain market. However, it is important to remember that the cryptocurrency market carries high risks, and investment should be approached with caution.