After the non-farm data disappointed and solidified the logic for the Federal Reserve's rate cut, many investors began to expect an 'immediate surge in the cryptocurrency market' — but experienced players know that there is a 'washout window' carefully designed by the main players between 'certain rate cuts' and 'the market taking off immediately'. Blindly chasing highs now could likely result in being harvested as 'floating capital'; understanding the washout logic is essential to capture the real bull market signals hidden behind the fluctuations.
First, break the misconception: interest rate cuts are certain, but the illusion of 'immediate surge' is fatal.
After the non-farm data was released, the consensus in the market was almost that the Federal Reserve would definitely cut interest rates in September, but this does not mean that the cryptocurrency market will 'rise sharply' — two core realities dictate that the market will not follow a 'linear expectation':