Tonight, Powell's speech hints at some dovish signals, and there may still be room for rate cuts next year. However, the market reaction was quite intense, with sharp swings back and forth, harvesting both gains and losses.

Honestly, chasing the trend in this kind of market is risky. If you want to short, placing pending orders for a pullback would be more prudent. Regardless of long or short positions, stop-losses must be set properly — in such volatile conditions, not having a stop-loss is like running naked.

Currently, for those building positions at the bottom, I personally recommend holding steady and not being shaken out. Mainstream coins like BTC, ETH, SOL, if your positions are reasonable and costs are low, panic selling now might cause you to miss out on future gains. Of course, friends who are already caught in a position can also reassess their holdings based on their entry price and risk tolerance, to see if there's room for adjustment or even turn losses into profits.

Market volatility is normal; staying calm is more important than anything.