Originally thought the U.S. government reopening today would lead to a market rebound. Didn’t expect the Fed to turn hawkish again last night, possibly canceling the December rate cut. The market had expected a 25BP rate cut in December, but now it might not happen at all. This caused the market to plummet, ETH has already dropped nearly 10%. I think the U.S. government reopening will still bring a rebound, but it looks like it’ll be a slow one. For now, it’s just the expectation of no rate cut in December from the Fed. Let’s wait for more Fed speeches. The market needs a dovish statement, not another hawkish one. TG: https://t.me/+atwGN9muCcIyNzc1