Bitcoin has taken a "wild roller coaster" ride! Just because of a statement from Federal Reserve Chairman Powell, the price plummeted overnight from around $94,000 back to the $91,000 range.

Early this morning, the Federal Reserve cut interest rates again, by 0.25 percentage points, bringing the rate range to 3.5% - 3.75%. This is already their third rate cut this year, which is basically in line with previous market predictions.

However, looking at the dot plot they released, I speculate that the pace of rate cuts will likely slow significantly next year, with the current forecast only predicting one cut. In the following two years, in 2026 and 2027, they have also only planned for one rate cut. It is clear that there are divisions within the Federal Reserve regarding the direction of future policies—some are more concerned about inflation not coming down, while others are more worried about whether the job market will become too sluggish.

Powell candidly stated in his speech that the job market is indeed gradually cooling, with job demand not as strong as before, but inflation levels remain high. This means that future policies will have to heavily rely on data, especially the performance of the job market. Analysts at Goldman Sachs also believe that unless employment data deteriorates significantly, the Federal Reserve is unlikely to cut rates easily again.

After the announcement, the price of Bitcoin briefly surged to $94,000, but it couldn't hold its ground and quickly fell back below $92,000. This market reaction clearly indicates that people no longer have as much confidence in future rate cuts, and expectations are noticeably less optimistic.

As for the next strategic direction, I will guide everyone to target the high-profit opportunities in altcoins, as doubling the expected space is not a problem. Brothers who want to get on board, come to the chat room and gather at #美联储降息 .