Market expects the Federal Reserve to pause rate cuts, with Powell's statement potentially influencing Bitcoin's market trend

The market anticipates that the Federal Reserve will keep interest rates unchanged this Wednesday (1/28/2026, UTC+8), with the focus on Federal Reserve Chair Powell's remarks at the post-meeting press conference. His comments could provide guidance for risk assets, including Bitcoin. Market discussions are whether this rate pause is interpreted as a "hawkish pause" or a "dovish pause." If Powell emphasizes inflation risks, it may dampen rate cut expectations and put pressure on risk assets: if he hints that the pause is temporary, it could boost assets like Bitcoin. Additionally, if officials appointed by Trump vote against maintaining rates, it may reinforce market expectations for future easing policies. Powell's explanations could support the US dollar, exerting pressure on Bitcoin priced in USD. His statements involve issues such as housing affordability measures, judicial investigations, and volatility in the Japanese bond market, which may increase market volatility.