The significant drop after the interest rate cut meeting was largely due to Powell's speech, which was unexpectedly hawkish. The hawkish remarks directly led to a collapse in global markets, not just in the cryptocurrency sector, but also in the US stock market, which saw a substantial correction. The cryptocurrency market is currently at relatively high prices, market sentiment is heavily bullish, and there is a lot of leverage, so the drop is seen as a natural occurrence!

As for the attitude in future speeches, the possibility of a rate cut has become an uncertain variable that will still rely on economic data to make decisions. The market performance is a short-term negative, and such a significant impact will gradually be digested over time. In the short term, as long as the position of 9.8 is maintained, the overall upward trend has not been damaged. It should be considered a healthy correction in the short term. This was mentioned before, and those who didn't notice can check my previous posts from a few days ago!

Looking at Ethereum, it typically follows the drop but not the rise, somewhat like a helpless character! Ethereum's movements have historically been very volatile, and such pullbacks have occurred multiple times just this year. The key position for Ethereum is still around 3500. As long as it does not fall below this level, it will be a very good short-term buying point!

Regarding altcoins, the new listings on Anan are coming too quickly, and funds are unsure how to choose. The first moment a new project is launched often results in a dump and harvest, which is quite perplexing. This did not happen even when Big Brother was detained; why is it happening now that he is free? Is Anan short on funds?

Every significant correction presents an opportunity to average down and enter the market. If you seize this, you will be different from most people. Opportunities are always available for those who are patient; the market will always give signals before rising. The key is whether you can recognize the timing to enter. Christmas is approaching, and once the holiday is over, the market will eventually return to the familiar state everyone knows!