$ETH
‼️Blood Red Christmas Eve‼️
The Market Sentiment Behind BTC's Plunge and the Mystery of the Federal Reserve's Rate Cuts
💥BTC's Plunge Warning: In the past 24 hours, $843 million was liquidated across the network, with significant losses for long positions!
🗣️Powell's Statement Controversy: The Federal Reserve Chairman claims he is not allowed to hold Bitcoin, which the market interprets as a bearish signal. But does this contradict Trump's 'Strategic Reserve Plan'?
📉Plunge Under Rate Cuts: The Federal Reserve cut rates as expected, so why did the market drop significantly? Market reactions can sometimes precede news, and after extreme greed, even the slightest change can become a sensitive factor.
📈Bitcoin Struggles Alone: The altcoin market is down across the board; although Bitcoin remains strong, this round of increases has already exceeded 90%. If Bitcoin corrects, altcoins may face further collapse.
🎄Christmas Eve Correction Curse: Historical experience in the crypto space shows that a correction is inevitable on Christmas Eve. It's not recommended to play with altcoins at this time; flexible position adjustments are the right approach.
🔍Strategy Suggestion: Whether in spot or derivatives, positions should be adjusted based on market changes and on-chain movements to cope with market volatility.