$ETH $BTC [Notes and reflections] Sure enough, for novices, they still have to keep paying tuition fees and learn to explore the factors that affect the market.

After looking around the square, I felt that there was no self-consistent explanation for the decline. But someone mentioned the unemployment rate data in the United States, so I went to check Tonghuashun.

At 22:00, the US inflation data released was higher than expected. It means that US inflation has not been effectively suppressed, and the expectation of interest rate hikes still exists. However, the expectation of interest rate cuts in the near future has declined.

At more than 0 o'clock, Powell added fuel to the fire and talked about the expectation of interest rate hikes.

It just fits the time when the decline started and the time point of the end bottoming out. The time point matches. It is initially determined that the expectation of interest rate hikes is linked to the cause of the decline.

However, the expectation of interest rate hikes did not cause much waves in the US dollar gold market.

There was not much waves in the US dollar/yen exchange rate market. After the data was released, the market's self-protection sentiment was only corrected.

[Conclusion] Although from the daily K of several months, it is a trend of narrowing decline. However, there is no obvious fluctuation in the two major markets. The fluctuation and decline in the cryptocurrency market is a blind guess that it is the result of amplified panic sentiment. I am currently bullish and adding positions. I hope it is not self-consolation.