Early morning sudden bomb - Federal Reserve's Barkin directly teams up with Powell to go hawkish: Interest rate cut in December? It's far from a done deal!
This signal is clear enough: the previously expected "inevitable interest rate cut by the end of the year" has now been directly punctured by the Federal Reserve. For the cryptocurrency circle, this is equivalent to directly withdrawing the "illusionary pillar" of liquidity - it should be known that major cryptocurrencies like Bitcoin and SOL are essentially "emotional assets" built on loose capital, and once the expectation for an interest rate cut cools down, the capital outflow will only be more severe.
Combined with the previous downward trend, this statement is just "adding insult to injury": the rebound strength was already weak, and now with macroeconomic negatives added, it’s basically impossible to reverse in the short term.
So the current operational logic is just one: don’t touch long positions, either stay in cash waiting for a crash, or cautiously try short positions - after all, the Federal Reserve has openly stated "no interest rate cuts", and the "braking" of Bitcoin's decline is still a long way off.
