Day 6 of the 10U War God, down $0.18
📊 Fed, ETH, the truth might be surprising
Lost $0.18. Yesterday $10.39, today $10.21.
ETH dropped 2.6% today; with 8x leverage, that’s -1.7%. The engine triggered a stop-loss this afternoon and is in cooldown mode.
Why the drop? Today is special.
Kevin Warsh is hosting his first Fed rate meeting since taking office. That's today. The market expects 97% to hold steady, but no one dares to go heavy before the meeting—S&P 500 futures are basically flat, BTC is treading water. Warsh is known to be hawkish, even more aggressive than Powell, and the market is nervous about any new signals he might drop.
The positive sentiment from yesterday's Iran deal has been fully digested. BTC and ETH did rally at that time, but today it’s stalled. The old script of good news turning into bad news has played out.
The Fear and Greed Index is at 22, marking the seventh consecutive day of extreme fear. To be honest, those panicking at this level are probably just spooked by the previous continuous downward trend, not just today’s dip.
With a $10 account, as long as you’re still in the game, there’s always tomorrow.
$ETH #10U War God
📊 Fed, ETH, the truth might be surprising
Lost $0.18. Yesterday $10.39, today $10.21.
ETH dropped 2.6% today; with 8x leverage, that’s -1.7%. The engine triggered a stop-loss this afternoon and is in cooldown mode.
Why the drop? Today is special.
Kevin Warsh is hosting his first Fed rate meeting since taking office. That's today. The market expects 97% to hold steady, but no one dares to go heavy before the meeting—S&P 500 futures are basically flat, BTC is treading water. Warsh is known to be hawkish, even more aggressive than Powell, and the market is nervous about any new signals he might drop.
The positive sentiment from yesterday's Iran deal has been fully digested. BTC and ETH did rally at that time, but today it’s stalled. The old script of good news turning into bad news has played out.
The Fear and Greed Index is at 22, marking the seventh consecutive day of extreme fear. To be honest, those panicking at this level are probably just spooked by the previous continuous downward trend, not just today’s dip.
With a $10 account, as long as you’re still in the game, there’s always tomorrow.
$ETH #10U War God
