#美联储联邦公开市场委员会决议 As soon as the Fed rate cut expectations emerged, the crypto market instantly staged a passionate show—during the early morning open, Bitcoin surged from $92,000 straight to $94,500, and ETH was stubbornly pushed to $3,400. Mainstream coins like ADA and LINK also started dancing along.

The key question is: where does this momentum come from? The data from CME FedWatch shows that tonight's 25 basis point rate cut has an 87% probability, with dovish voices surprisingly shrinking. The liquidity expectations atmosphere has overwhelmed everything, and risk appetite has been fully heightened.

But amidst the excitement, a few details need to be clarified: Bitcoin encountered real resistance at the $94,000 level and has now moved back near $92,000, testing the waters. The RSI dropping from overbought territory clearly signals that a short-term correction is highly probable. The good news is that this rally is supported by spot funds, not leverage trading—real liquidity support is still present.

The real watershed moment will be tonight's Powell speech. If he signals ongoing easing, breaking through $96,000 won't be a problem; if he adopts a tighter stance, we'll need to keep a close eye on the $90,000 threshold. Recently, 110,000 traders were liquidated in a single event, losing over 3 billion yuan. This number reminds us—no matter how wild the market gets, setting stop-losses properly is the only rule to survive the next wave.

The tactical approach before this liquidity feast is simple: calmly track the data, be the master of your asset allocation, and avoid becoming a prisoner of emotion.