Why did the previous text say that the short-selling event for BTC did not occur at dawn?
Because the short-selling event was very much in line with the data release, and after the data was released at 3:30, there was no exceeding of expectations, which posed a great risk for the main speculators, making it impossible to short. Therefore, there was no short-selling due to this event, indicating that the event did not occur.
And if it did not occur, it indicates that long positions should be taken.
Subsequently, after Powell's speech, the market began to take long positions, which was no longer related to the event, but rather a long trade.
This is why it is said that if the event did not occur, long positions should be taken.
Thus, upon the data release, the result was immediately known, leading to a response at 32 minutes that there was no short-selling event and that long positions should be taken.
One can see that the market started to surge upwards.