Looking at the history of four major crashes in the US stock market, let's examine this bizarre showdown between the Federal Reserve and the 'Great King', anticipating the emergence of a golden pit!

Old Powell is actually just a 'master of expectation management'! Last night, there were two key points in his speech that were particularly interesting:

1. Old Powell said that the Federal Reserve cannot prevent a recession; it can only step in after a recession has hit. But didn't he lower rates by 100 basis points last year in advance? Isn't that a contradiction?

2. Even funnier is that last night wasn't even a policy meeting; it was just his speech, yet Trump couldn't help but urge for a rate cut on social media. The problem is, if you don't hold a meeting first, who are you cutting rates for? In this game between the President and the Federal Reserve, the outcome has already been predetermined—Trump will definitely win because he is the President. Old Powell isn't ignorant; he just wants to hold on and leave himself an opportunity to exit gracefully.

Our community feels that we are not far from the 'policy bottom' now, but the 'sentiment bottom' and 'market bottom' are still halfway up the mountain. Next, we will continue to monitor market trends; no rush, take it slow.

Currently, the market and Trump are both betting: Trump is betting that the Federal Reserve will save the stock market by cutting rates in advance, while the Federal Reserve is betting that Trump's tariff policy has room for negotiation, thus preventing inflation from rising significantly. Both sides are in a state of intense competition.

When the gods fight, mortals suffer, so the US stock market plummeted yesterday. Bitcoin, supported by ETF funds, didn't drop much, but the continued reluctance to cut rates has led to a lack of liquidity in the crypto space, making altcoins feel the pinch. In this stage, the best approach is to remain cautious and observant.

So, those who need to move bricks should move bricks, and those who need to earn cash flow should earn cash flow. Prepare more bullets, and when opportunities arise, buy in batches at the bottom for value!