I've been in this industry for 8 years, and I've seen all kinds of big pumps and big dumps. But to be honest, the operations from the day before yesterday still made me break out in a sweat. The Fed held a payment innovation conference, and as a result, 7 heavyweight announcements came out like they were free, each one capable of creating a pit in the market data. If newcomers are unprepared, they can easily be taught a lesson by "event-driven market".

In simple terms, the crux of the current market data is not on the K-line, but rather on the regulatory statements + economic data as the two sharp knives. The "double act" at 10 PM is the most critical—Bowman and Barr speaking in succession, and the attitudes of these two regulatory bigwigs are basically the life and death symbol for BTC. Last time they hinted at "tightening," Bitcoin evaporated directly by 2000 dollars, and the group was filled with wails of despair, with leveraged positions swept clean. The day before yesterday, when BTC broke the 67000 mark, it was actually the market betting that they would issue hawkish statements, coupled with the strengthening dollar, leading to a preemptive dump under dual pressure. This also confirms what I often say—before the news comes out, the market has already started to react.

There are two more data points to be cautious about: unemployment claims and natural gas inventories. These two are indicators of inflation. My view is that if the unemployment claims are lower than expected and natural gas inventories drop sharply, it suggests that the liquidity of the dollar may tighten, and a significant portion of funds in the crypto market will naturally be withdrawn.