$ETH $ZEC $pippin

🔥The Federal Reserve cut interest rates, and the market was taken aback! What happened to the promised celebration?

📉 In the early morning, the Federal Reserve announced another 25 basis point rate cut. As a result, BTC and ETH not only failed to soar but also experienced severe fluctuations, with Wall Street and Trump both giving a "thumbs down." This is not a lifeline for the bull market; it’s simply a wake-up call for the bulls!

👉 The core message is simple: this rate cut fundamentally "doesn't quench thirst!"

Why do we say this? Two points to clarify:

1️⃣ On the surface, a rate cut, but with a "hawkish" core.

Powell says rates have been cut, but then turns around and adds, "The economy hasn't changed much." What’s the implication? "The faucet is only turned on this much; it might be turned off later!" When the market hears this, it feels a chill—after all the fuss, are the easing expectations at an end?

2️⃣ Unpopular on both sides.

Trump directly fires back: "Not enough of a cut!" But Wall Street and the crypto world can’t get excited either. This "dovish gift" is wrapped in a "hawkish warning," and the future looks murky.

📊 So here’s the question: Rate cuts are typically positive news, so why didn’t BTC and ETH take off?

The answer is simple: "Buy the expectation, sell the fact"—it’s an old routine!

· The previous rise was because of bets that the Federal Reserve would continue to inject liquidity; now that the news has landed and expectations have been fulfilled, some profit-takers immediately retreated to observe.

· The market focus has shifted: If future interest rates remain "higher for longer," can risk assets maintain high valuations? Everyone is feeling anxious.

💥 In summary: This rate cut is not a charge signal but a reminder bell—macro uncertainties remain, and the market may need to reassess its direction. Is it a bull or a bear? The next wave of movement will depend on whether funds dare to continue betting in the ambiguity.