Powell's statement this time is indeed unexpected. As mentioned before, whether the signals he releases are ambiguous or favorable, the panic sentiment in the market will eventually dissipate, and the rally will follow. Surely, the brothers still trapped in the market probably have no thoughts of sleeping, so why not take a look at this analysis? It might help you calm your emotions.
The current market's spot holdings have reached an all-time high, which means that every subsequent rally is basically under the control of capital, and there is still a possibility of capital harvesting retail investors. That said, in the context of a bull market, the so-called 'top' is actually just the 'halfway up the mountain' in the market consensus; the overall trend remains upward. Next, let's not panic, focus on defensive strategies, and continue to follow the trend. Additionally, it's worth mentioning that there is a high probability that there won't be significant market movements over the weekend, so everyone can take this time to make some adjustments.
Bitcoin returns to 116300, hovering around 115500, looking towards 117500, and if it breaks, aiming for 118500.
Ethereum returns to 4750, hovering around 4770, looking towards 4900, and if it breaks, aiming for 5000.
