#美联储启动新一轮降息周期 The Fed's expectation of rate cuts this wave is indeed reshaping the entire market rhythm.

$ETH short positions are already fully opened, now it's just a matter of patiently waiting for the cycle to validate. A two-week time frame is enough to see the true impact of the rate cut expectations on Ethereum and the entire crypto market.

From a technical perspective, the correlation between interest rate trends and mainstream cryptocurrencies is getting stronger. The start of a rate cut cycle often releases liquidity for risk assets, but whether it can truly translate into fundamental support for an upward trend depends on the data. This time, what's different is that the market's sensitivity to policy has peaked—any small movement could reverse the short-term direction.

Therefore, the logic of opening short positions is quite clear: in this environment of high uncertainty, wait for the data to decide the subsequent direction. After two weeks, see the results; the market will give an answer.