#美联储启动新一轮降息周期 $ETH Price Outlook: Uncovering the Truth Behind the Federal Reserve's Rate Cut

During the early hours, the Federal Reserve's decision had everyone eager to act. But here’s the question—everyone's cheering for a "rate cut," yet no one notices a hidden label on this cut: "Hawkish."

Sounds contradictory? But that's the key. Plainly put: the Fed did cut rates, but at the same time, it’s implying "that’s all for now." The market's reaction is like a conditioned reflex—once hearing "rate cut," it starts expecting unlimited easing, skipping over the second part: "for now."

JPMorgan has already announced—Powell will emphasize that only a "significant deterioration" in the employment market would lead to further easing. That's essentially closing the door labeled "continuous easing." The steady stream of liquidity you expect might just come to an end.

Here’s the point: when the market forms a consensus around a certain term, like "rate cut," it’s often the riskiest moment. This time is no different. Everyone's positions are built on the expectation of "rate cut → market uptrend." The real variables are hidden in the details—policy language, employment data, and future guidance.

From another angle, this isn’t just a rate decision; it's a psychological game. It’s no surprise if expectations are dashed or pessimism reversed. The key is whether you can maintain your judgment amid the wave of market sentiment.

Whether prices can continue rising along the previous high largely depends on how the market’s expectation for a "second rate cut" recovers after this decision. Short-term volatility is expected to be intense; position management is more important than direction prediction. Keep a close eye on subsequent employment data and officials’ statements—that's the real source of signals.