Powell's speech early this morning was typical dovish rhetoric.
He spoke in a noticeably more relaxed manner, addressing issues more directly instead of giving off-topic responses as before.
Currently, this appears to be positive news, and the market should gradually improve.
Of course, all of this is just in relation to Bitcoin, as Bitcoin has become a part of the U.S. stock market.
This is not good for altcoins, as Bitcoin continues to hover and fluctuate around the $100,000 mark, and any pullback will still drag down altcoins.
For example, Ethereum is still hovering around $1820.
The main strategy remains to go long on Bitcoin and short on altcoins.
Altcoins still need a solid bottom to completely end the downward trend; otherwise, any gains will have to be given back.
Follow @不亏的鱼 for more news and analysis on the cryptocurrency market, and find more strategic content on my homepage.
