$ETH E suddenly jumps to the disk What exactly happened last night?

I believe everyone has been confused by Ethereum since they woke up this morning, staring at the K-line?

During the plunge: Early in the morning, news broke that the US credit rating was downgraded, followed by changes in China-US trade policies, causing panic in the market (news impact)

Last night, E started to plummet from a price of 2587, continuously falling to the current price: around 2387, close to a halving level of decline.

After discussing the news impact, let's take a look at the technical aspect: A small-level high consolidation, but the moving averages show a dead cross, and technical traders are fully dumping.

Last night, a short position was placed at $BTC 106.5K, and with followers, a big pancake was shorted, currently yielding some profit and still holding on~

Personal prediction: The overall market will correct, and the big pancake will pull back to around 98.6K, while E will at least drop to 2.2K. An oversell may be accompanied by a rebound. If macro news is poor, it will continue to explore downward. As for how it will decline, the process of the decline still depends on the market! #MichaelSaylor暗示增持BTC