Powell's testimony to the Senate Banking Committee at 22:00 tonight will be crucial. Regarding the interest rate cut, Powell will face the pressure from the senators. It depends on how Powell responds and what kind of testimony he provides, and whether the testimony will reverse the current downward trend.

If the Ethereum ETF is passed this week, with the double benefits, we must pay attention to the breakthrough and stabilization of the key positions of Bitcoin and Ethereum on the daily line. If the key positions cannot be broken through and stabilized, then the bulls are weak enough and the risk of decline will be greater.