Following Powell's hawkish statements, the markets experienced a slight pullback.

I mentioned this morning that we need to closely monitor the S&P 500. As of now, $BTC is moving in tandem with the U.S. stock markets.

Therefore, at this point, just tracking the S&P 500 is enough to understand the direction. As Powell began speaking at 21:30, the S&P started to decline, which led the crypto side to struggle as well.

On the crypto side, the technical data still looks extremely positive, and the trend structure appears to be quite strong. For this reason, I don't think there's a situation that requires closing positions.

On the BTC side, we are still continuing the trades we opened with the breakout at 80k, and on the ETH side, at 3k. As long as BTC maintains the 112k and ETH 3,500 support levels, we will continue these trades.

I believe that once we shake off the temporary effects of the hawkish statements and the S&P 500 starts to rise again, the crypto side will also race towards new ATHs.

In this process, let's closely monitor the S&P 500 and Nasdaq, friends ⏰