Two heavyweight news, tonight won't be peaceful.

Key Point 1: This morning the tariffs had a super favorable development, China is willing to start talks with the U.S., causing the cryptocurrency market and U.S. stock futures to surge by 5%. Plans cannot keep up with changes; unexpected good news. However, we mentioned yesterday that ETH would see a small rebound around 1750, and the level was precise; it indeed rebounded, but this rebound was a bit excessive due to the positive news. For those holding spot or long positions who haven't exited yet, it might be wise to take some profits.

Key Point 2: The Federal Reserve is holding a meeting tonight, results will be announced at 2 PM, and Powell will start speaking at 2:30 PM. The result in May was a 100% chance of no rate cut, and the main focus of the meeting is Powell's outlook for June at 2:30 PM. Will there be a rate cut in June? Powell's words represent the uncertainty of the market.

Currently, based on interest rate market data, Powell suggests a 70% probability of no rate cut in June, while the probability of a rate cut is 30%. Therefore, the likelihood of negative news is relatively high, but not 100%. I think we can take advantage of the current good price points to exit and first avoid risks to observe. If you really want to gamble, you can go for a low-leverage short position; the risk-reward ratio is still decent.