Attention! The fall trend of ETH is still ongoing, and it has now approached the descending trend line again, with clear resistance. Jingyi is hesitant to bet on a certain breakthrough. Aggressive traders can take the opposite position to short. If it breaks through, conservative traders can also go long later. If it does not break through, it may fall back to 4000, and fans may buy the dip again at a low price.

The same goes for Bitcoin. Don't act on feelings; in addition to looking at technical analysis, the news from last Friday at 10 PM regarding Powell's speech should be a key factor in the market. If Powell softens his stance, a rate cut in September is basically secured, with the potential to rise above 125,000. If he takes a hawkish stance, then a rate cut in September is uncertain.

Jingyi cannot predict what Powell will say in advance. Fans remember to take the opposite position at key levels, be steady, and hope old Powell will be a person, and everything will go smoothly for us!
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