Goodbye, Powell, the end of an era officially closes

Tonight's market focus is not on the Federal Reserve interest rate decision data, but on the upcoming change in Fed leadership, which will completely shift the future monetary policy direction.

Looking back at Powell's eight years in office, he significantly increased the transparency of Fed communication, normalized and fixed rate decision press conferences, strengthened policy coordination with capital markets and global economies, and minimized market irrational volatility. He has also clearly stated: there is no immediate need for the Fed to adjust interest rates.

And with the new successor Waller taking office, the Fed's style may undergo a major change. During last week's Senate Banking Committee hearing, Waller hinted: no longer promising to hold press conferences after every rate decision, and even considering abandoning the forward guidance that the Fed has used for many years.

Going forward, trading based on news will have no clear expectations to follow; it will be a matter of feeling the stones to cross the river.

From a macro perspective, this is definitely bearish for the crypto market. Tonight's trading strategy is mainly to short:
Continue holding long-term short positions without moving, and in the short term, find key resistance points to short in batches.
Once Bitcoin breaks below the 75,400 support, the next target is directly around 71,500;
Ethereum is also relatively weak, with support around 2,220.
Tonight's market will inevitably have some whipsawing and shakeouts; is anyone else following the rhythm and playing along with the market manipulators? $BTC $ETH $DOGE