The news from last night can be described as a thrilling tug-of-war between bulls and bears: Trump's speech first stirred the market nerves, followed by the FOMC interest rate decision which set off another ripple. However, all of this was completely rewritten after Powell took the stage—under the impact of his speech, Bitcoin plummeted straight down to the 115768 level, while Ethereum also fell to the 3675 mark, with the market instantaneously displaying a "plummet" trend. But as I repeatedly emphasized yesterday, when the market rhythm falls into chaos, the key is to anchor your strategy. As long as the foundation of the larger trend remains unshaken, any fluctuations caused by news will ultimately just be a flash in the pan. Our trading operations have consistently adhered to the approach of "selecting low to place long orders," and as the bulls continued to increase trade volumes and push higher after the morning session switched lines, we too are taking advantage of the momentum.

From a daily chart perspective, the market has recovered to around 119,000 but is still under pressure and facing resistance. The Bollinger Bands show a flattening consolidation trend, indicating that the larger cycle's consolidation has not yet ended in the short term. It remains unlikely to break higher and stabilize, so high levels can still reference recent volatility for operational guidance. Looking at the four-hour chart, the market experienced a deep adjustment due to negative news overnight, but the closing point still provided a relatively long lower shadow, indicating a strong node in the current market. The pin bar retest has not changed the flat structure of the Bollinger Bands, and the short-term oscillation structure remains clear, maintaining a range where both long and short positions have opportunities between 117,000 and 119,000.

Bitcoin can be shorted near 119000, looking at around 117300, and can set up long orders after a pullback. Ethereum, due to the overly strong market, should not be shorted, but rather wait to chase higher at lower levels. Ether can be directly bought near 3800, looking at around 4000. #BTC# #ETH#