Cultivating immortality was a problem with the previous cultivation line that exploded across the world

As an experienced analyst with 8 years of market observation, let me throw the conclusion at you: the pause in interest rate hikes is basically a done deal, but that's not the main point! What truly decides whether Bitcoin and Ethereum will surge to 35,000 or drop back to 30,000 depends entirely on Powell's 'verbal skills' half an hour from now. This old man's statements can stir the crypto world even more than the Federal Reserve's decisions themselves!
Let me provide some solid information for beginners (experienced players can skip to the main points): why do the Federal Reserve's interest rate hikes and cuts have such a big impact on the crypto world? Simply put, cryptocurrencies are typical 'risk assets,' just like the 'little lunatics' in the market— in a high-interest-rate environment, everyone prefers to deposit money in banks to earn interest; no one wants to take the risk of trading cryptocurrencies. Once liquidity tightens, cryptocurrency prices will inevitably come under pressure; conversely, once a signal for rate cuts is released, idle money will flood into the crypto world, directly sparking a 'liquidity bull market.'