🔥 Who did the first spark of Warsh's rise ignite?

Federal Reserve Chair Warsh's debut, he dropped three bombs:
First, remove all "forward guidance"—don't expect the Fed to tell you in advance whether they'll raise rates;
Second, half of the committee expects at least one rate hike this year;
Third, the statement was cut from 400 words to 130 words.
Translation in plain language: Warsh doesn't want to be an expectations management master; he wants to give uncertainty back to the market.
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Looking at the market, it's just two words—divergence.
📉 Bitcoin $BTC ‌
Around 62,500, down 2.1% in 24 hours, down 4.9% for the week. 62,000 is a psychological barrier; holding it might form a bottom, losing it could lead to 60,500-60,000.
📉 Ethereum $ETH ‌

Even worse, down 3.7% to 1,662. ETH/BTC exchange rate dropped to 0.027, a two-year low. Last night, it surged to 1,779 halfway, then crashed to 1,633. Over 170 million longs were liquidated, and below 1,648, another 674 million are waiting to be liquidated.
One sentence: funds are flowing from ETH to BTC.
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🚀 Today there's a new story—$NES ‌
Launched. AI privacy Layer 1, immediately jumped to 0.28, historical high of 0.298, lowest 0.1. New tokens are volatile; mainly watching the show.
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Keep an eye on three things moving forward:
July 2 Non-Farm Payrolls, mid-July CPI, July 28 FOMC.
Strong data → rate hike expectations rise → risk assets under pressure.
Weak data → rate cut expectations restart → possible relief.
Is 62,000 the bottom or just halfway up the mountain? The next two weeks will tell.
💬 Do you think ETH/BTC will continue to fall, or has it bottomed out? Chat in the comments.
🔔 Follow me, no pie-in-the-sky promises, just speaking plainly.
#以太坊基金会重组降本