Recently, the crypto assets market has been affected by the Fed's hawkish signals, leading to increased fluctuations📉. Powell rejected a preset interest rate cut path, causing the probability of a September rate cut to drop to 45.7%. Traders adjusted their expectations, and the dollar index DXY surged to 99.54 in the short term, intensifying the selling pressure on risk assets. Bitcoin (BTC) fell below $11,600, and Ether (ETH) dropped below $3,700. In the past 24 hours, the entire network saw liquidations of $438 million, with long positions losing $367 million, highlighting the vulnerability of the market's long positions💥. Although the White House's digital asset report mentioned Bitcoin reserves, there were no substantial updates, and investor confidence has not been boosted. Robinhood's Q2 crypto revenue was $160 million, slightly below expectations, reflecting a slowdown in platform growth. Analysts pointed out that the U.S. economy is robust, and there may only be one rate cut this year. The impact of tariffs on inflation is temporary, and Powell emphasized the economy's solid position, making communication more challenging🛡️. Overall, the Fed's stance is becoming more hawkish, putting short-term pressure on the crypto assets market. It is recommended that investors follow subsequent signals and control position risks. In the long run, if economic data weakens, expectations for rate cuts may recover, driving rebound potential🚀. Stay cautious; opportunities and challenges coexist.