Last night, Powell's speech caused a panic. The price of BTC (Bitcoin) dropped from 91,700 to around 87,000. This was mainly caused by his two key remarks.

First, Powell said he was “not in a hurry to cut interest rates.” This means that the uncertainty of the December rate cut has become even greater.

Second, Powell mentioned that "inflation is still a long way to go to reach 2%." This is actually expressing concerns about inflation. Once inflation cannot be suppressed, there may be no hope for subsequent interest rate cuts, and there is a very small probability that the opposite situation will occur.

Yesterday, $400 million flowed out of Bitcoin (BTC) ETFs. Although this number does not seem particularly large, its impact on the market is quite large.

You know, before this, there was a large inflow of funds for a week in a row, with the largest inflow in one day being close to 1.2 billion US dollars. However, even with such a large inflow of funds, the price of the currency only rose by 3,000-4,000 points.

However, this was only the first day of capital outflow, and the price of the currency fell by about 5,000 points.

This is enough to show that there are huge differences in funding here.

Everyone knows that as far as the current bull market is concerned, the key is to look at the inflow and outflow of online funds.

Therefore, the trading units given in the past few days are also determined based on the situation of ETFs.

If you are a single at this time, you have to be cautious and act a little "dirty".

Today is Friday, and it is expected that funds will continue to flow out. Before next Monday, the market will probably not change much. Of course, if the price of the currency is continuously pulled up, and the weekly K-line and the monthly K-line both touch the upper side, there will definitely be a wave of correction.

After the correction ends, the market will enter a high-level fluctuation phase.

If the weekly K-line closes with an upper shadow (closing a needle) during the main upward wave, it will basically continue to probe downward (inserting a needle downward) in the second week, and then quickly recover, and then oscillate sideways at a high level for about three weeks.

In the past two days, if the price of Bitcoin rises to 90,000 or above, you can consider opening a stop order. Before next Monday, it is unlikely that a new price high will appear, so just set a stop loss of 600 points.

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