"Countdown to Warsh's Jackson Hole debut! Rate cuts or a hawkish hammer? With the Federal Reserve officially confirming that the new Fed Chair Kevin Warsh will deliver the keynote speech at the Jackson Hole Symposium on August 28 at 10:00 AM ET (August 28 at 10:00 PM Singapore time), the global macro and crypto markets have instantly entered high alert mode! Against the backdrop of three FOMC members voting for rate hikes in July and persistent inflation, this speech has been dubbed by the market as 'Warsh’s ultimate answer.' Historically, Jackson Hole has often marked pivotal moments of macro trend shifts (e.g., Powell’s hawkish remarks in 2022 triggered a dual sell-off in stocks and crypto). Beware of long-term yield pressure: If the 30-year U.S. Treasury yield continues to climb due to hawkish expectations, high-valuation risk assets (tech stocks and crypto) will be the first to bear the brunt. Manage positions through the 'speech window': Leading up to the August 28 speech, market volatility (VIX & on-chain IV) is expected to remain elevated, and high-leverage positions are highly susceptible to being liquidated in the 'wording interpretation battle.' Watch BTC’s range boundaries: Combine the actual speech content with market reactions. If there’s 'bad news but no drop' or a 'high-volume breakout' within 48 hours post-speech, that’s the safer point to add to positions as the trend solidifies." #JacksonHole #KevinWarsh #BTC #Crypto #MacroMarkets