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Brothers, what Wosh said doesn't need to be too sophisticated.
Just one sentence:
The Federal Reserve currently has no intention of soothing the market.
Look at today’s market, it’s quite solid.
BTC was pressed down from above, and is now still swinging around 62.8K.
ETH is a bit weaker, around 1685.
The most awkward thing now is not the drop.
It's that after falling, it gets stuck here, neither collapsing immediately nor truly recovering.
This kind of market is easiest to make people anxious.
Those who want to buy more see a rebound and say the negative is exhausted.
Those who want to short see a drop and say macro pressure is suppressing.
People trapped are even simpler: main force washing the disk.
Anyway, everyone’s words are pretty tough.
The market doesn’t listen.
Right now, I see BTC in only two places:
If 64K can't be regained, don’t take the rebound seriously for now.
If 62.2K really breaks, there’s a high chance 60K will be taken out by the market to scare everyone.
No need to beat around the bush with ETH.
If 1670 can’t hold, don’t rush to say it’s resistant to drops.
If you want to regain some shape, first get back to 1720-1760.
Wosh’s news can be looked at.
But don’t use it as an excuse to open a position.
To put it simply, it’s not about whose view is more awesome now.
It’s about who can avoid getting hit in such a tricky position.