The moment Old Powell stepped down, the bull market era came to an end.💔
At 3:30 AM, the press conference wrapped up completely.
Old Powell waved goodbye, taking not only his eight-year term but also sealing the door on any "rate cuts this year." He acknowledged the most significant division within the Fed in 30 years, and this "self-destruct" operation before leaving kicked $BTC off the cliff at 75,200, while $ETH crashed down to around 2218. Big Bro's liquidation line at 2215 almost got smashed.
Right now, the market isn't in "repair" mode; it's in "liquidation" mode.
With $310 million in liquidations across the board, that's the backdrop for Old Powell's retirement. The tears of 120,000 liquidated accounts prove that in the face of macro trends, what’s called "bad news fully priced in" is just the bulls’ wishful thinking. Old Powell is gone, and stepping in is "Hawk King" Waller, meaning the high-interest winter isn't over and might even get colder.
As for what’s next, my prediction is:
After the Asian session opens, there’s a high probability of another violent liquidation targeting 74,500. Any small bounce now, as long as it can't hold above 75,800, is just shorts covering or a last meal preparation for the bulls before the chop.
If you're still holding longs, my advice is simple: keep an eye on 74,500 and 2200. If these two numbers can’t hold, don’t talk about faith; if you’re slow to react, you’ll be left with nothing but bone shards.
The dawn of the crypto world has always bloomed from the ruins, but the current ruins are still smoldering. Once this macro demolition is completely over, we’ll see who’s left standing to talk.
The curtain falling on Old Powell’s era might just be the prologue to another massive storm.
At 3:30 AM, the press conference wrapped up completely.
Old Powell waved goodbye, taking not only his eight-year term but also sealing the door on any "rate cuts this year." He acknowledged the most significant division within the Fed in 30 years, and this "self-destruct" operation before leaving kicked $BTC off the cliff at 75,200, while $ETH crashed down to around 2218. Big Bro's liquidation line at 2215 almost got smashed.
Right now, the market isn't in "repair" mode; it's in "liquidation" mode.
With $310 million in liquidations across the board, that's the backdrop for Old Powell's retirement. The tears of 120,000 liquidated accounts prove that in the face of macro trends, what’s called "bad news fully priced in" is just the bulls’ wishful thinking. Old Powell is gone, and stepping in is "Hawk King" Waller, meaning the high-interest winter isn't over and might even get colder.
As for what’s next, my prediction is:
After the Asian session opens, there’s a high probability of another violent liquidation targeting 74,500. Any small bounce now, as long as it can't hold above 75,800, is just shorts covering or a last meal preparation for the bulls before the chop.
If you're still holding longs, my advice is simple: keep an eye on 74,500 and 2200. If these two numbers can’t hold, don’t talk about faith; if you’re slow to react, you’ll be left with nothing but bone shards.
The dawn of the crypto world has always bloomed from the ruins, but the current ruins are still smoldering. Once this macro demolition is completely over, we’ll see who’s left standing to talk.
The curtain falling on Old Powell’s era might just be the prologue to another massive storm.