At three o'clock tonight, the Fed's interest rate meeting night is here again.

Market expectations for a 25 basis point rate cut have soared to 88% - this is basically not running. But what can really stir up the market is never the action of cutting interest rates itself, but how the post-meeting statement is written and what Powell says.

One sentence can make emotions take off, and one wording can change the expectation of subsequent interest rate cuts.

Judging from the current market, liquidity is improving, and risk appetite is rising. If the statement is dovish tonight, the crypto market could usher in a decent rally. After all, this kind of macro inflection point is often the most explosive in the short term.

Of course, it may also be possible to bring the atmosphere back to its original form with the sentence "inflation still needs to be vigilant".

In short, it's worth watching tonight.