Yesterday, the overall market atmosphere was a bit tense, with stocks and various risk assets dropping harder than the economic data itself. Everyone was holding their breath waiting for the latest economic data, while also keeping an eye on Fed Chairman Powell's speech, unsure of how it might affect the next interest rate move.
Bitcoin was not spared either, having experienced a slight decline of about 3.5% over the past few days, which made many investors feel a bit uneasy. Ethereum's performance was similar, having just surged to nearly a historical high last week, but now it has also begun to retreat, with some market fluctuations.
Overall, in the short term, the market may continue to look at data and policy trends, and friends in the crypto space should pay attention to risks, while also not missing opportunities to focus on buying the dips.
