Interest rate cut lands, the market plummets across the board, and Powell's realization of 'hawkish' becomes the root cause!

First, regarding the 104000 mentioned in the US market last night, I clearly stated that there wouldn't be a significant drop before the meeting minutes, and before the interest rate cut was announced, it rebounded to a maximum of 105000. Internally, I notified to exit in advance because I generally do not gamble on such data; therefore, as investors, you must prioritize risk control and strictly defend!

Back to the point, an interest rate cut is not a positive signal, so why did the market drop? Buy the expectation, sell the fact. The market already knew about the interest rate cut in the early hours, and what determines the trend is Powell's speech after the minutes.

Returning to the trend, from the historical high of 108400 to breaking below 100000 this morning, there has already been a small unilateral correction of over 8000 points. Currently, both the four-hour and hourly charts are in oversold territory, so regardless of how the daily chart will perform, at least during this time period in the morning, do not chase shorts below 100000; first look for a rebound from the oversold levels.

This morning, the current price of Bitcoin is directly long, targeting 102500-103000; Ethereum is also looking long at 3730-3750!