The live broadcasts in the past few weeks have almost worn my mouth out—empty, still empty. Some people listened and slept soundly last night; some, skeptical, might already be eating noodles in the dark.
This is not hindsight but a blatant premeditation.
Old Chen has long deconstructed the logic: In the first quarter, the Federal Reserve's knife will not be sheathed. Simply put, the current interest rate level has significantly retreated from its high, but it remains in a restrictive range and has paused further cuts. They say without concessions, the market shouldn't expect to breathe easily.
The reason that the Federal Reserve might change to a more hawkish chair last night is indeed valid, but it's just something to listen to. To quickly incite emotions, there must be large funds leading the way, and information dissemination takes time. This means that this round of decline has long been predetermined, merely finding a sudden news event that retail investors can accept as an excuse.
What should we do now?
The current market is focused on Trump's upcoming announcement of the Federal Reserve chair nominee, entering a moment of policy blind box. Whether the nominee is a "close confidant" impacting independence, or a "hawk" triggering long-term tightening associations, the result will severely disrupt global liquidity expectations. For the crypto market, which is highly correlated with the U.S. stock market, this directly amplifies the selling pressure.
So during this phase, do not blindly catch the falling knife.
Any relevant news will cause sudden tremors in the market. Before the key nomination is announced, market sentiment will remain tense. The real bottoming out requires waiting until this largest short-term uncertainty is resolved. Pay attention to the resonance point between information fluctuations and key technical support.
Follow Old Chen to see through the cycle and calmly mine for gold. #下任美联储主席会是谁?
Don't buy the dip! ETH's triangle convergence is about to unleash big moves, and the two 'nuclear bombs' of the Fed and government shutdown are about to explode!
Brothers, I am Old Chen! Looking at this market today, my blood pressure has risen——the entire network is shouting to buy the dip, but I must throw a bucket of cold water on you: now is not the time to rush in with your eyes closed, a bigger storm eye is just this week!
A bloody review: Do you think the crash is Trump's fault? Naive! Do you remember the collective jump off the building a few days ago? ETH dropped from $3400 to around $2800, and the whole network was in a state of despair. Many people blamed Trump's tariff threats, saying this is the prelude to the US-EU trade war. Old fans know that I had already sounded the alarm for this round of crash! The root cause is simple: the market can't be driven anymore! When the last CPI data came out, Trump led the hype, but anyone with clear eyes knows that data is just 'saturated data' and does not support the Fed to lower interest rates immediately. I have repeatedly emphasized that the probability of a rate cut in the first quarter is extremely low, and without sustained positive topics, all rebounds are just tricks; up it goes and it has to come down. Without tariff issues, the market would still fall, it's just that Trump provided an excuse for accelerated decline!
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Trump Ignites the Night! Bitcoin Breaks Through 96,000!
Last night's CPI data came out—2.7%, in line with expectations, utterly unremarkable. The Fed's stance won't change because of this—this should have been a mild positive, and the market should have stayed calm. Yet, someone just wouldn't let this scene end quietly! Trump took the stage directly to personally interpret the data: Praising inflation under control on one hand, while blasting Powell as either incompetent or dishonest, and adding a final punch: it's time to cut rates!
Before the words had even finished, the crypto market's emotional fuse was instantly ignited—— Bitcoin surged past 96,000, Binance Coin and Ethereum aggressively charged toward 3,400! A night that should have been calm was completely turned into a climactic drama by one man!
Announcement: No matter how hot the CPI is, my magazine holds only one bullet—high altitude
Comrades, this is Old Chen. Last night, the familiar drama unfolded once again, except the door drawn by the scythe had become much larger. You thought you saw the first light of dawn, but in reality, it was just the final flicker of cold light reflected from the butcher's blade as he sharpened it. Yesterday morning, Erbing surged strongly to 3170, with a technical chart so beautifully shaped it looked like a carefully arranged honey trap. Yet, just as the market began to cheer for a 'breakout,' a sudden, unexpected drop slammed the price back down to 3060. The weak rebound after the US market opened was merely a standard afterglow added to this 'door-drawing' performance. This wasn't natural market fluctuation—it was the main force carving a tombstone on the K-line chart for every high-leverage gambler using capital.
Early morning surge by Bitcoin leads the market, everyone cheers! Is this the true 'reversal signal,' or just a performance by the main players to keep you from leaving?
Imagine a group of people desperately hungry in the middle of the night, suddenly catching the first whiff of morning breakfast aroma drifting from a stall — the scent of pancakes fills the air, and the whole street comes alive with excitement. But here's the question: is this 'it's morning, time to eat,' or is someone deliberately heating pancakes by the window, luring you out of bed to take on their burden? The technical picture looks beautiful, but beware — traps are often paved with flowers Looking at the 1-hour chart, ETH is currently hovering around 3160, as if crawling out of a pit to catch its breath — there are slight signs of short-term strength. However, when viewed over a longer timeframe, the area between 3180 and 3200 presents heavy resistance, like climbing a hill only to find a row of large boulders blocking the way.
Ultimate Live Challenge: (Open 100 contracts, target 90 wins!) Completed 24th win! Current record: 24 wins, 4 losses. All actions are traceable in the live stream replay! ! !
Congratulations to the brothers who followed the rhythm in the live stream yesterday evening, small profit of 20-50 points. No live broadcast today, continue lurking tomorrow night at 9 PM. Follow me and witness the 100-contract battle together. #US Non-Farm Data Below Expectations