8:30 market may be a turning point, after so many days of fluctuations, it's time;
Of course, overall market sentiment still leans bearish with a correction expected. In fact, before Powell made his comments, he had already mentioned that Bitcoin reaching 100,000 and ETH 4,000 was highly probable. It's just that Powell's comments have delayed this situation, as shown in the image below:
BTC short-term resistance at 112,900 USD, with support at 107,000 and 105,500 USD; ETH short-term resistance: 4480, 4520 USD, with support at 4200, 4100 USD;
If it drops below 100,000, BTC first looks at whether 98,000 can hold, and ETH looks at whether 3,880 can hold! As long as it holds, the bull market remains, and there will be opportunities to enter!
Some may ask: Isn't the market maker giving money to retail investors by dropping prices?
Then you are mistaken about the market maker; what they fear the least is you buying the dip, and they are not afraid of you making money temporarily.
Today, I chatted with an industry expert about this issue, and one of his viewpoints perfectly answers the question: The market maker is not afraid of retail investors making money, but rather afraid of you not entering the market! As long as you enter, and they can trap you in a pen, the market maker has a thousand ways to harvest you!
So, market makers control the big drop, allowing you to buy the dip and make some money temporarily, and your greed won't let you take profits but will increase your investment. This is when the market maker's harvesting time comes!
Anyone who has experienced a cycle of bull and bear markets knows that everyone has made money at some point. I once made a profit of A7 in a single month, then a wave on 5.19, messed up my operations, and lost it back!
Therefore, in this industry, learning to take profits and secure them is always the most important thing, and it is the final lesson for retail investors to master.



