Looking back at Friday's moves now, I feel pretty fortunate. Although the profit was small, my risk expectations for the market were spot on. If I hadn’t exited on Friday and held on until now, I probably would’ve been liquidated early this morning. Today’s lowest point was $110,480, and my liquidation price back then was $110,700. Reflecting on Friday’s interpretation of Powell’s speech, it’s clear that Powell is indeed worried about a potential downturn in the U.S. economy. The market was briefly caught up in heightened expectations of rate cuts, but gradually realized that a recession could be even scarier. Today’s BTC drop is a chain reaction from Friday. The pre-market movement in U.S. stocks isn’t looking optimistic either. Before the Jackson Hole Symposium, I was already worried about a scenario where both bulls and bears get wiped out—and that’s exactly what happened. That said, I still believe the main game in the U.S. hasn’t changed. Trump wouldn’t want to see an economic recession, especially one likely triggered by high interest rates. So, Trump might not care about inflation and will push the Fed to cut rates. This is still the main game in the market right now. I still believe Trump has cards left to play. For Trump, as long as rates are cut—and cut significantly—many problems can be postponed. Early yesterday morning, my $115,000 order got filled. It was a casual order I placed after closing my position earlier, not expecting it to actually get filled—but it did. The price hit a high of around $113,500 in the morning. I didn’t exit, which was a bit greedy of me. But this level is still decent, so I’m not in a rush. Sponsored by Bitget ｜ @Bitget_zh