#美联储降息 The Fed has finally cut interest rates! A 25 basis point cut + the restart of $40 billion in short-term Treasury purchases, this signal couldn't be clearer—liquidity is being loosened again, and the crypto market is entering a real policy dividend period.

Just look at the market in the last couple of days: BTC surged above $90,000, ETH directly broke through 3380-3400, and even meme coins are dancing along. The expectation of interest rate cuts has shifted from 'expectation' to 'reality', and the previously suppressed funds have finally found a reason to exit.

But there's a very important insight here—many institutions began to take profits after the interest rate cut. Why? Because the expectation of the interest rate cut had already been fully priced in. Analysts at JPMorgan explicitly pointed out that we are now in the period of the year when liquidity is the tightest, with Christmas and settlements approaching, leading to a natural decline in market activity.

So my advice is as follows: don't blindly chase the highs. This rebound is real, and the policy has indeed shifted to easing, but do not ignore the short-term technical correction demand. BTC pulling back to the 89,000-90,000 range and ETH pulling back to the 3,130-3,150 range are the real good opportunities to buy low. Options data shows that expectations for volatility this month are gradually declining, and a slow decline is becoming the mainstream mentality.

In the long run, the restart of QE and liquidity injection are beneficial for the entire Web3 ecosystem - the borrowing costs in DeFi will decrease, and more capital will seek high-yield decentralized opportunities. However, in the short term, we need to be more patient and increase our allocation only after risk assets truly find their bottom support.

Remember: Greed is the biggest killer in the crypto market. Stable profits > gambling on a single surge.