The minutes of tonight's Federal Reserve meeting signal that current interest rates are approaching neutral levels, but officials remain cautious about rate cuts and have not indicated any intention to hastily lower rates. At the same time, the minutes show signs of rising inflation, while the labor market remains strong, which keeps the Fed's policy direction primarily steady.

From a macro perspective, the growth rate of the U.S. economy is gradually slowing, and the liquidity environment is not expected to quickly shift to easing.

This situation makes it difficult for large capital inflows into the cryptocurrency market in the short term, but bottom-fishing funds may gradually enter the market, resulting in an overall pattern of market consolidation. In terms of operations, short-term attention can be paid to structural opportunities, while the medium to long-term market will need to wait for a real signal of policy reversal. $BTC $ETH $XRP #杰克逊霍尔会议 #美联储7月会议纪要 #ETH质押退出动态观察