On May 8, 2023, the "lottery day" of the Federal Reserve, global investors held their breath. Just like gamblers waiting for the lottery results, everyone hopes to hit the "jackpot" of interest rate cuts. Unfortunately, reality is always harsh— the Federal Reserve may not only remain inactive but is also stingy with even a comforting word like "we might cut rates in the future."

Interest rate cuts have never been a whim of the Federal Reserve. Either inflation must completely bow down, or the economy is on the brink of collapse; neither of these two iron rules applies now. Inflation is still playing tricks, the economy can still breathe, and with the back-and-forth of tariff policies, a rate cut in May is basically a pipe dream.

The cryptocurrency world is also gloomy. Ethereum just underwent a "makeover" on May 7, and was supposed to shine, yet the market didn’t even spare it a glance. The last upgrade led to a dramatic price halving, and though this time it might offer a candy before a slap, who can say for sure?

Bitcoin has recently resembled a deflated balloon, unable to break through the $90,000 ceiling no matter how it bounces. If it can't hold the $91,000 bottom line, it might directly roll down to $89,000 to cry. Ethereum's $1,810 is like the last shred of dignity; if it can't maintain this respect, the so-called rebound is nothing but self-deception.

The market is like a capricious lover, smiling at you today and making you cry tomorrow. In this turbulent sea, rather than being led by emotions, it’s better to fasten your seatbelt and keep an eye on the Federal Reserve as a weather vane. After all, in the financial market, lasting longer is more important than earning faster.

The market is constantly changing, and the above is just my personal opinion, for reference only. If you feel anxious about the market, or if your trades are frequently trapped, don’t be stubborn— talking it out might bring clarity.