The market has been dropping so sharply these past two days, it’s enough to make anyone’s heart race. The Nasdaq plunged over 2%, and Bitcoin even briefly fell below $87,000. It seems the market’s expectations for the Fed’s monetary policy are changing. Strong employment data has reduced the likelihood of a rate cut, with the probability of a 25 basis point cut in December down to just 39.6%.

I’ve been closely following a few traders who are good at grasping macro trends, and they’ve all recently reduced their positions—it looks like they’ve sensed a shift in the winds. But at times like this, it can actually be a good opportunity to look for new chances. I’m planning to moderately increase my attention to US tech stocks. After all, leading stocks like Nvidia have shown pretty good resilience even amid steep declines.

Next, I’ll continue to monitor market sentiment and capital flows, especially the fund movements in Bitcoin ETFs. If there’s an opportunity for an oversold rebound, I might follow up with small positions in coins that are performing well technically. But overall, I’ll remain cautious, since in such an uncertain market environment, protecting your principal is key.