Federal Reserve Chair Powell may face the most critical FOMC meeting of his tenure tonight.

Since taking office in 2018, this central bank leader has navigated seven years through turbulent market conditions. Now once again facing pressure from the White House, the market is speculating whether this will be his last policy statement as Fed Chair.

A 25 basis point rate cut? That's almost certain. What truly affects nerves is the subsequent release of the dot plot—a dense grid of small dots that holds all the secrets of next year's monetary policy. The path of interest rates directly impacts the fate of risk assets, with the crypto market being the most immediately affected.

Honestly, regardless of the outcome, for investors who have experienced so many rounds of policy battles, tonight is destined to be another sleepless night.