$ETH fortune is hard to exchange, but farmers understand easily! Not many could predict last night's Wall Street scheme to lure shorts!
If you deeply researched or participated in the market last night, I believe the following content can bring you some help.
1. Last night was a typical Wall Street scheme to lure shorts.
2. I uncovered their trading methods, daring to publish two articles against the trend at 20:00 and 22:00 to expose it, and the market's movements over the next few hours have continued to validate my prediction until this moment. (Please note that the market may soon change direction again.)
3. When the last article was published, we were experiencing a massive crash in the US stock market, but I still dared to list all the core variables I judged under great pressure. In the context of last night's market, the most core variables are:
(1) The sudden large issuance of U, reaching as high as 2 billion! (Necessary background knowledge: Tether typically issues 1 billion USDT in about 4 hours on working days, and the market was extremely unusual in the afternoon, catching my early attention; the last issuance of 1 billion USDT was on the night of May 7th, and the market immediately surged after the issuance. Given the recent strong Ethereum backdrop, it is easy to replicate this; a continuous influx of 2 billion USDT is very rare in past history.)
(2) The inexplicable massive drop in the US stock market. (The trends in the cryptocurrency market are slowly decoupling from the US stock market; many people may not have realized such a rapid change in pace yet.)
(3) Powell's speech lasted only 8 minutes but foreshadowed the PCE. (Currently, the market's expectation for the Federal Reserve's interest rate cut has been postponed to September, which is already reflected in cryptocurrency prices. Please note that if there is a rate cut in July, it would be a huge boon, although the probability is low.)
4. I vaguely feel that in this round of the bull market, there will be Chinese people stepping up, raising their arms to break Wall Street's schemes