#劳动力市场 The Fed has cut interest rates again, but this time it feels a bit off 😅 A 25 basis point cut looks good, but only one more next year? That's just ridiculous!

The key is Powell's implication — don't expect more good news before the labor market worsens further. In other words, he is dousing cold water on all the cryptocurrencies that are hoping for a surge. A Goldman Sachs analyst directly stated that the Fed's "preventive rate cuts" have come to an end, and now it all depends on whether the employment data continues to collapse.

At one point, Bitcoin broke 94,000, which really impressed me 😂 But it immediately fell back to 91,000. The market's reaction indicates one thing— the era of loose monetary policy benefits may really be over. In the current situation, the most favored projects are not those relying on interest rate cuts, but rather those that can create their own hype and generate FOMO.

The labor market is the key to determining power. Everyone should focus on the employment data, as that is the signal for the next wave of opportunities.