Powell's words, ETH just fell flat!
On the morning of June 21, a big event happened:
Federal Reserve official Powell directly poured cold water - "No plans to rush to cut rates, inflation risks are still present," this statement directly crushed market sentiment.
This is not a scare tactic; it's a real-life "nuclear bomb":
ETH plummeted first, hitting as low as 2363.
Just at the 2433 position, over 47 million dollars were liquidated (data from Coinglass).
In just a few hours, shorts took a heavy hit, leading to a bloodbath across the board.
This is how sentiment trading works, risking everything.
After the news broke, market sentiment took over everything, not giving you time to think.
Those who should have run but didn’t, stubbornly holding onto fantasies of a rebound, ended up being repeatedly harvested.
First killing the longs, then killing the shorts.
The market makers don’t mind how badly you’re doing, they just mind how slow you are.
For friends who can’t understand the heat map or can’t grasp the rhythm of the news, don’t stubbornly resist! The current market is unreasonable.
In summary: This is not the time to rely on courage!
Many people lose not because of bad luck, but because their understanding can't keep up with the pace:
Knowing they should cut losses but still stubbornly holding on.
Knowing the market is about to change but still fully invested.
One moment of hesitation can wipe out several rounds of accumulated profits.
At this stage of the market, it is no longer suitable for reckless heavy positions.
The only logic for making real money now consists of three words:
Strategy + Judgment + Execution
Don’t understand how to read the "heat map"?
Don’t know how Powell's words affect the market?
Want to learn but no one to guide you?
Follow me, and I will help you survive in this sentiment-driven market, without becoming ignorant cannon fodder.