#通货膨胀 The Federal Reserve has cut interest rates again, but this time the focus is on Powell's speech — inflation is still somewhat high, and the most it will cut next year is once more, depending entirely on the labor market conditions 🔴

In other words: the honeymoon period of easing policy is over. If upcoming employment data isn't weak enough, the Fed will be on the defensive. What does this mean? Short-term rate hike expectations will resurface, and risk assets will come under pressure.

The recent surge of Bitcoin above 94,000 was just a fleeting moment; the subsequent sharp pullback is the best proof. This feeling of being out of reach is precisely when the market is most vulnerable to a sell-off. The next hot topics will likely depend on employment data and CPI, which are the real price catalysts.

Those still chasing the highs now should be cautious of getting trapped. Wait for the data to come out before making moves; there's no need to rush 📉