#数字资产生态回暖 The Federal Reserve announced a 25 basis point rate cut last night. It was expected to boost the enthusiasm in the crypto market, but Bitcoin plummeted from 94,000 to 89,000—before the positive sentiment could take hold, it was smashed through. The core issues are twofold: first, the rate cut was not as aggressive as anticipated; second, the statements from the decision-makers carried a hawkish tone, reversing investor expectations, and nearly halving next year's rate cut plans. To make matters worse, the prospect of Japan's rate hike looms at any moment. Once confirmed, global liquidity could be drained, and risk assets are likely to continue being suppressed.

The truth behind this market movement is simple: the Federal Reserve's rate cut benefits are essentially exhausted. The current rebound is just a trap for short-sellers to cover. The real beginning of a bull market will only come when liquidity reopens. In the short term, don't dream of a rapid surge. Instead of being greedy, it's better to protect your principal, control risks, and wait quietly. Remember, every major dip is just chips flowing from impatient traders to those who can stay calm and patient.