ETH Perspective on 8.23:

Looking back at yesterday, Old Powell's dovish stance surged near the historical high, reaching a maximum of 4888.

Overall, the movement has been relatively strong, just having gone through a major rhythm, and needs short-term repair and consolidation. The daily mid-line has formed a support base; at present, we cannot determine if it is a peak or a genuine breakthrough. Given that there have been many false breakouts, we will maintain a wait-and-see attitude and try not to take action;

In the future, although I am optimistic about hitting higher positions, there hasn't been a proper weekly pullback, so for now, we will keep a wait-and-see approach. Even if it directly reaches a higher position, it will still retest the historical high; at that time, it will be an opportunity. Currently, being patient and waiting is the greatest wealth.