Looking back at Friday's operations, I actually feel quite fortunate. Although the profit was minimal, my expectations regarding market risks were correct. If I hadn't exited on Friday and held on until now, I would have likely faced liquidation in the early hours today, with the lowest price hitting $110,480, while my liquidation line was at $110,700.

Reflecting on Friday's understanding of Powell's speech, it is indeed true that Powell is worried about a potential downturn in the U.S. economy. The market was initially immersed in expectations of increased interest rate cuts, but gradually came to realize that a recession could be even more frightening.

Today's drop in $BTC is a chain reaction following Friday's events. The pre-market performance of U.S. stocks is also not optimistic. Before the Jackson Hole annual meeting, there were concerns about a situation where both bulls and bears could be caught off guard, and that turned out to be the case. However, I still believe that the main dynamics in the U.S. have not changed. Trump would not want to see an economic recession, especially since a recession could likely be triggered by high interest rates.

Therefore, Trump doesn't need to worry about inflation and can push for the Federal Reserve to cut interest rates. This is the main contention in the market right now. I still believe Trump has cards left to play. For Trump, as long as there are interest rate cuts—substantial cuts—many issues can be postponed.

Yesterday morning, an order at $115,000 was filled. This was an order I placed casually after closing my position, not expecting it to be executed, but it actually was. In the morning, the price peaked around $113,500, and I didn't exit, which was a bit greedy. However, this position is still relatively good, so I'm not in a hurry.

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