#美联储降息 This time the Federal Reserve cut interest rates, and Bitcoin fell instead of rising, leaving many people confused. In fact, the reasoning is not complicated; it's simply that "good news fully priced in becomes bad news."

The market had already anticipated a 25 basis point cut, and this "report card" held no surprises. When the news was finally announced, it was like the release of exam results; it did not exceed expectations, and the funds that had "prepped for the exam" just took profits. Data shows that after the announcement, Bitcoin plummeted from $94,500 to around $92,000.

More critically, Powell's speech and the "dot plot" suggested that there might only be one rate cut next year, which directly extinguished the market's expectations for "sustained large-scale easing." Therefore, the prices reflect not what has already happened, but the disappointment of future expectations.

This "buy the rumor, sell the news" scenario has played out more than once this year. So don't just look at the headlines; interpreting the future intentions in the "body" of the text is more important.

Thus, it is crucial to focus on long-term projects realistically, as CZ has indicated for everyone @Max Charity #Max .