Fed rate decision tonight at 2:00 AM, Powell speaks at 2:30 AM.

Most people are likely hesitant to make moves at this current position. Qingyao remains consistently bearish as always—boldly shorting, going heavy short on bounces, or shorting directly if no bounce occurs. However, note that position sizing should be light. This is the main strategy for tonight. Of course, let me also walk you through the two scenarios for tonight.

**Two major scenarios:**

**If "dovish" (optimistic rate cut expectations):**
Hot money flows in, and the market takes off. But be extremely careful of Wall Street's usual tricks: first, drive prices down sharply with a "pin bar" to liquidate long positions and stop-losses, accumulate enough cheap chips, then launch the real rally!

**If "hawkish" (inflation concerns, rate cuts delayed):**
The dollar strengthens, risk-off sentiment increases, and the crypto market likely drops accordingly.
Combined with recent energy price spikes causing inflation pressure, tonight will likely have a hawkish tone! Whales could easily spike prices up to liquidate shorts at the moment data is released, then dump the market accordingly!

If you can't read the market clearly, stay in cash and watch. Never catch a falling knife mid-rally! Patiently wait for tonight's macro shock to squeeze out the bubbles.