$ETH
🔥 Market Insights:
The recent crash early this morning, aside from being triggered by the negative news of the Federal Reserve's Powell's interest rate cut, was also significantly influenced by institutional funds fleeing (especially the profits from copycat projects). However, this has also released some of the risks associated with the pre-Christmas effect ahead of time. The rebound in the market is moderate, and the market trend appears weak, needing 1-3 days to repair pessimistic sentiments. At the same time, there is still considerable risk of a second dip in the market, so trading in these two days should be approached with subjective caution.
However, there is no need to be overly pessimistic; everyone has gotten through the toughest months of August and September, so we should remain calm. A correction of this magnitude will frequently occur in the next 3-6 months, as 🐶 the market won't make it that easy for you to make money...