Personal opinion:

The market overreacted to Mr. Bao's speech.
Former Chairman Greenspan has a famous saying, "If I seem unduly clear to you, you must have misunderstood what I said."
Powell said, "The economic outlook may require a policy adjustment," and the market immediately interpreted this as "a definite interest rate cut in September."
The fact is that the focus of the speech is on "uncertain economic outlook" and "risks coexist", without indicating a clear path.
The Federal Reserve is also encountering a situation for the first time where unemployment expectations are declining while inflation expectations are rising, creating a contradiction between the two major economic indicators.
Perhaps this is just the market's knee-jerk reaction to the desire for interest rate cuts!
Therefore, I remain bearish.
Shorting large tokens has low risk, and shorting Ethereum earns more.
Don't ask for specific points; if the general direction is correct, the exact points are not important!