Last night, Powell spoke a bit softly, saying that a rate cut in September is not certain, and as a result, the market dropped quite a bit. Just at three in the morning, I was still awake, so I took a look.

Actually, this drop is a pretty good buying opportunity, and I'm hoping it can drop even more. Even if there is no cut in September, will there be one in October? If not in October, it should happen in December, right? The market will react in advance, and buying now means betting on the expectation of entering a rate cut cycle soon.

So when the BTC price stabilized and started to rise, I looked for an opportunity to go long. During this period, ENA was the fastest among altcoins to recover from the drop; it was already on my watchlist, so I simultaneously bought long positions in both BTC and ENA.

I already had long positions in ETH, so I didn't make any moves last night. After this drop, BTC might end the consolidation and then surge towards 120,000, just need to hold steady.