PANews reported on January 26th, citing CoinDesk, that the market widely expects the Federal Reserve to keep interest rates unchanged this Wednesday. The key focus of this meeting will be Fed Chairman Powell's remarks at the post-meeting press conference, which could provide directional guidance for risk assets, including Bitcoin. The market's core concern 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 expectations of rate cuts and put pressure on risk assets; conversely, if he hints that the pause in rate cuts is temporary and leaves the door open for a resumption of rate cuts in the coming months, it could boost risk assets such as Bitcoin. Furthermore, if officials appointed by Trump vote against the decision to maintain interest rates, it could strengthen market expectations for future easing policies.

Powell's explanation of maintaining interest rates could support the dollar, thus putting pressure on dollar-denominated Bitcoin. He may also be asked about the Trump administration's recent housing affordability measures (which could push up short-term inflation), the legal investigations against him personally, and the bond market volatility triggered by Japan, all of which could exacerbate market fluctuations.