The Federal Reserve has lowered interest rates by 25 basis points as expected, but the market did not surge significantly; on one hand, the previous rises have already priced in the good news, and on the other hand, the subsequent signals have tightened;

It has been a long time since I last updated, and there have been many things going on lately with fewer trades, now I have come to Dubai;

Overall, the direction of the market remains consistent with my previous judgment: the interest rate cut in September was realized, and the main players first used it to wash out positions, resulting in two consecutive months of decline. Those who dared to call a bull market have gradually disappeared, and now the market is showing some signs of improvement;

The depth of this position washing was significant, with BTC dropping from 126,199 to 80,600, a maximum decline of 36%; ETH fell from 4956 to 2623, with a maximum decline of 46%; other altcoins are in a dismal state.

The market will gradually recover, but 2026 might be a slow bull market, and without a significant surge, it’s hard to imagine. Moreover, 80% of the cryptocurrencies may fall rather than rise—it's a test of your vision;

The reason is simple: the Federal Reserve's interest rates will not drop significantly in the short term, which determines that the money in the market will not flood in.

Recently, when chatting with people in the industry, the sentiment is mostly cautiously optimistic, but it’s best to prepare for a winter, prioritizing conservatism and survival.

Therefore, what was said before still holds: exercise, work hard, buy on dips, accumulate positions, and treat it as a one-year fixed deposit.

Having been in the industry for 8 years, those who have achieved financial freedom are all people who can endure loneliness and even go so far as to "brainwash" themselves—here, brainwashing is a positive term. People need beliefs, and that belief really needs to be cultivated from within.