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Yesterday's decline was mainly affected by Bao's remarks. He blurted out that he was short-selling and did not mention interest rate cuts at all. He said that it was no good to cut interest rates too early. Inflation cannot be effectively controlled. Bitcoin fell directly to 61,800 and Ethereum fell to 3,400. Starting from the speech at 9:30 pm, Bitcoin fell slightly by 1,200 and Ethereum fell by 60 points.

Talking is a common trick of the United States. It is a living hell to save face. It is a temporary solution but not a fundamental solution. In the end, it will fall. The market has developed resistance. For such a big negative news, it would have fallen by at least 3,000 points in the past. It did not hit 61,000 yesterday, and ETFs have continued to flow in in recent days. It is a good thing that there are buying orders.