On one hand, announcing the rate cut is finalized, while on the other hand, calling for a halt to the balance sheet reduction; if these two messages were released in the past, wouldn't the crypto world have gone crazy like it's New Year's? But what happened? The market has been like a roller coaster, swinging up and down more wildly than my cat chasing mice. Just as the bulls shouted 'the bull market is here', the bears immediately smashed the market. Many brothers probably stayed up all night watching the market, with dark circles under their eyes deeper than Ethereum's candlestick chart.
Don't just criticize the market for being outrageous; today let's dig into the core of this matter, all in Powell's statement: 'If there are no new variables, slow down on rate cuts.' Translated into plain language, it means: This rate cut is for you, but if you want another one in December? Not a chance! What's even more interesting is that two committee members voted against it during this meeting, which is no small matter. On one hand, some members are eager to save the economy, fearing that if they wait too long, it will be too late; on the other hand, some are fixated on inflation, worried that if they ease up, we might return to last year's 'prices skyrocketing' days. The current Federal Reserve is like holding two hot potatoes, throwing either one will hurt, and they can only ponder in the middle. This hesitation has directly stirred the market's expectations into a mess.
Let's talk about the actual impact of the cryptocurrency market. In the short term, this wave of chaotic expectations will surely make the bulls and bears fight more fiercely. Who knows, there might be a sell-off as soon as the market opens tomorrow, followed by some bottom-fishing. The market fluctuations can make people's hearts race. But we need to take a long-term view; interest rate cuts and halting tapering clearly indicate a trend toward easing, just like a warm stove in winter. Although it may not be burning vigorously at the moment, it will eventually heat up. My advice for everyone is simple: don’t be the 'chasing highs and cutting losses' type of retail investor! If you have spot holdings, stay steady and don’t panic. If a sudden drop occurs, don’t just cry; it might be a good opportunity to add to your position. By the way, the China-U.S. meeting tomorrow is a key point; it’s highly likely to bring positive news, which may give the market a boost.
Lastly, let me say something from the heart to everyone. This market is like a roller coaster, with ups and downs, we need to stay calm. I will chat with you about market trends here every day, share practical skills, and also send exclusive analysis reports to fans from time to time. If you find what I say useful, please follow me; otherwise, when the market fluctuates next time and you want someone to give you reassurance, you might not find anyone! Let's continue our chat tomorrow, don’t miss it!
