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#ETH Chasing the Pie Again
1. After Powell's speech, the cryptocurrency market evaporated $374 million in just 12 hours. This brutal crash once again shows how fragile confidence is when the Federal Reserve Chair speaks. Don't let leverage traps sweep away your money! The market is now extremely ruthless; only those who stay calm can survive. Let's learn from this bloodbath and be smarter in the next round. Stay vigilant!
2. The market didn't crash because of Powell; the crash was due to excessive long positions being overly one-sided, and everyone ignoring the fact that rate cuts have already begun. This is not bearishness, but a position reset before the true trend begins.
3. Facing tomorrow's Friday market, ETFs are starting to close, and we can continue to wait at 2850#eth . There's no need to worry about missing the oscillating market—it will always return to the origin to pick us up.