The last interest rate cut was in September 2024, when the cryptocurrency market experienced a nice rally. From the information released by the Federal Reserve and market predictions, it is expected that there will be at least two rate cuts this year. The market generally believes that the specific timing of the cuts will be in September and November, but the actions of the U.S. are often unpredictable, and when the market believes this, the actual situation is usually not as expected.

Currently, there has not been a rate cut yet, and Powell stated that it is influenced by Trump's 'water closing' policy, while Trump previously indicated that it was because there was no rate cut that he initiated the 'water closing'. Both sides are shifting blame, trying to take credit for good news while distancing themselves from bad news.

Therefore, there is no need to overly focus on the exact timing of the rate cuts; as long as it is certain that there will be a rate cut, the overall upward trend is almost guaranteed.