September 24 ️ Early Morning Powell Speech: Stock Market Valuation Quite High Powell stated that interest rates remain moderately restrictive and that a balance is needed between the risks of rising inflation and declining employment. He emphasized that tariffs might cause a one-time price increase but should not have a lasting impact. He did not clarify his stance on a rate cut next month and pointed out that stock market valuations are relatively high, leading to a drop in the three major indices, with the Nasdaq falling over 1%. Today's Market: Bitcoin: Dropped to around 112,000. This level has relatively strong support. Let’s observe the effect of the bulls' counterattack. The daily chart shows an overall bearish trend, so even if you go long, it should only be for short-term intraday rebounds. Ethereum: A large bearish candle on the daily chart broke the upward trendline. The daily chart has already formed a bearish trend. Continue reducing long positions during bullish rebounds and increasing short positions during bearish rebounds. Overall: If the movement isn’t within your trading strategy, not trading is the right move. QQ:1694499156 VX:stz17653