The Federal Reserve cut interest rates by 25 basis points this time, in line with market expectations, bringing the rate range to 3.50%-3.75%.

The market trend is also the old routine—rising instantly after the news hits, then giving back the gains.

BTC is even more classic; right after Powell's speech, it surged to $94,000, but couldn't hold on for more than a few minutes, and is now back around $90,000.

What does this indicate?

The market has actually already digested this positive news, and there's no real enthusiasm.

Don't expect the Federal Reserve to bring many surprises going forward. The dot plot is very clear—one rate cut in 2026, another in 2027, slowly like squeezing toothpaste. The internal opinions within the committee are also quite divided; some fear inflation will reignite, while others worry about a spike in unemployment. Powell has simply taken a passive stance, saying future rate cuts will depend on employment data.

Goldman Sachs analysts also said that the preemptive rate cut cycle has ended. Want to continue easing? Only if the labor market truly can't support it.

So everyone, don’t jump to the conclusion that rate cuts are a money-making opportunity.

What truly drives the bull market is large-scale capital inflows, not these sluggish small adjustments. Currently, retail investors are watching cautiously, and institutional investors are also cautious, so the actual incremental inflow of funds is quite limited.

My straightforward view: avoid impulsive actions. BTC is currently digesting positions within its oscillation range; fluctuations up and down are normal.

If you want to buy the dip, consider doing it in batches.

It wouldn’t be surprising if it consolidates for a few more days or even experiences another quick dip. Those opening high leverage and going all-in hoping for a quick turnaround will most likely be liquidated by the next big bearish candle.

To sum up: the positive news has been priced in, wait for the next key data release before making decisions. During this period, observe more and act less—controlling your own actions is more important than anything else.