Major negative news, Powell's hawkish speech, bearish market, main funds rushed out, short-term return to short trend, patiently waiting for a better bottom-picking position;
Early this morning, Powell said that the Fed does not need to rush to lower interest rates. The CME fedwatch tool shows that the probability of continuing to cut interest rates in December has dropped from 82.5% to 59.1%. The market began to expect a pause in interest rate cuts in December; and BTC etf began to see large-scale outflows, ending the trend of continuous net inflows and beginning to form a turning point; BTC and US stocks began to fall rapidly, pausing the short-term continuous surge;
The overall crypto market fell, and the cottage continued to lose money; ETH still did not stand firm in the short term. If it can reach 2800-2900, it will be a very strong support; but at present, the support of the 3000 mark is not strong enough, so it is better to continue to wait; yesterday's strategy was cancelled;
