#美联储降息 Last night, the Federal Reserve announced a 25 basis point rate cut, but the market reaction was unexpected — Bitcoin plunged from $94,000 to $89,000, with the gains instantly evaporating. The key point is that the cut was smaller than expected, and Powell's speech conveyed a hawkish signal, directly leading the market to reduce its forecast for next year's rate cuts.

The trouble is still ahead. Japan's interest rate hike policy is like a sword hanging over everyone's heads. Once it actually starts, global capital flows will undergo drastic adjustments, and risk assets will be the first to be sold off. The recent rate cut by the Federal Reserve has almost exhausted its positive effects; the short-term rebound is merely a false signal created by short-sellers closing positions — don’t be deceived.

Want to see a real bull market? You have to wait until liquidity conditions improve significantly. The most prudent strategy right now is to play defensively. Keep a close eye on capital flows, control risk exposure, and don’t be led by short-term fluctuations. History always repeats itself: during big dips, those who are patient enough will be able to scoop up the chips dropped by panicked sellers.