The attitude of the Federal Reserve Chair is very subtle — neither hinting at aggressive rate cuts nor revealing a hawkish stance, just letting the data speak. The message behind this is very clear: from this moment on, every economic data point can trigger market reactions.

The initial jobless claims data is coming tonight. This is no small matter. Combined with previous rate decisions, it essentially confirms one thing — the Fed has handed over the pace-setting power to economic realities. Employment gaps, inflation pressures, consumer performance — any deviation from expectations will dramatically reshape the market’s understanding of the subsequent rate cut cycle, causing risk asset sentiment to fluctuate.

Honestly, we shouldn’t be too optimistic right now. This feels more like early-stage repeated setbacks in a bear market rather than a full-scale shift upward. Once the news breaks, market sentiment immediately amplifies — sometimes a short-term rebound, sometimes a sharp sell-off. The problem is, new funds are not flowing in continuously, and with dense data releases, volatility will be frequent. In this environment, short-term traders are very likely to get caught off guard.

My straightforward advice: data releases are meant to create volatility, not to guide direction. With policy ambiguity and information overload, the lighter your positions are during this phase, the more solid your mindset will be, and the calmer you stay, the safer you are. #美联储降息 $BTC $ETH Don’t rush to chase after moves.