#数字资产生态回暖 The dust has settled on the Federal Reserve's rate cut cycle, but the market is caught in a dilemma of "slow and steady"

Trump is not pleased with this 25 basis point cut, openly stating it should have been a 50 basis point cut. His implication is that the力度不够. Whether this comment will influence subsequent policy decisions remains to be seen.

Overall, the Fed's decision aligns with market expectations—federal funds rate anchored at 3.5%-3.75%, with a voting outcome of 9:3. This is the third rate cut this year, and according to official forecasts, only one more cut is expected next year, indicating a clear slowdown in the pace.

Frankly, this "step-by-step" rate cut has limited stimulative effect on the stock market. Wall Street has long digested this expectation, and the "good news equals performance" principle is validated here again—without surprises, good news essentially isn’t really good news.

On the market charts, $BTC has yet to effectively break through the 95,000 level. While the rate cut news provided a short-term rebound opportunity, there remains a gap between the heated sentiment and the actual trend. Yesterday’s breakout point at 92,000 has already fallen below, and it even tested below 90,000 at one point. From a technical perspective, Ethereum also appears somewhat weak; the 3430-3440 zone has become a key area. A break below 3330 might see the next support level at 3200.

Market momentum is weak. The current strategy is simply: go with the trend and wait for confirmation of direction. Impatience is less useful than patience; the market has its own temper.