The market isn’t giving even a slight rebound, pretty tricky to deal with. In the current market, shorting on highs is absolutely no problem, and it’s already broken below the critical 11.8k level. Both the monthly and weekly closes aren’t looking great. Before the Fed announces the interest rate cuts, it’s still mainly about shorting. This time, $BTC’s price is very likely to drop to around 10.7k, and as for $ETH, to around 4030. The current situation is a complete shakeout. Without the boost from an ETF, relying solely on retail investors’ buying power just won’t push it up. At least 70% of retail investors think it’s already peaked. The Fed is the final dance!