#美联储启动新一轮降息周期 $ETH at this stage, it's time to take a break. Take a close look at this wave of market movements—once the Federal Reserve’s rate cut expectations emerged, it actually signaled a new round of decline. What was the trend during the previous two rate cut cycles? The answer is clear. The market logic is very painful: all previous positive signals are misunderstood in the opposite way, and the current positive news is of the same nature.

$BTC is also caught in this dilemma. The policy signals should have boosted confidence, but investors are actually cashing out gains. The expectation of rate cuts triggered a rebound, but it quickly lost momentum. The key point is, market sentiment has shifted from anticipation to caution—good news is no longer a reason to accelerate buying; instead, it becomes a cover for selling.

This rhythm really requires an adjustment in mindset. Macroeconomic changes will continue to suppress the market in the short term, and only after the market fully digests these data might the true opportunity appear.