Is the morning high of 4632 the top? Laughable! That's just halftime! Qing Yao will take you to enjoy the second half of the main rising wave!
The market is like making soup—if the heat is not right, the flavor is weak; if you rush it, you'll burn the pot! Look at Er Bing these past two days; hasn’t he made the point that 'slow work produces fine products' clear?
[Last night's plot was more exciting than a TV drama]
In the daytime, the 4400-4450 area was as slow as an old lady knitting. When the market bottomed out at 4310 early in the session, the bulls were almost stripped naked, but it held firm! The wave at seven o'clock surged to 4465, only to be smashed by a sell order at 4470 into 'iron plate BBQ'—this position was so hard that even the air solidified!
[The Federal Reserve suddenly provides 'divine assistance']
The folks at the White House suddenly stirred things up! Economic Council Director Brainard stated: a 25 basis point rate cut in September is basically a done deal, even Powell is being grilled! When the news broke, ETH shot up to 4540 like a rocket! Although US stocks opened low and pulled the price back to 4435, the key level at 4460 remained completely unmoved!