The Federal Reserve's meeting and Powell's speech this time can be considered "hawkish rate cuts," and the market responded with a drop 📉. The only good news is that the Federal Reserve will start expanding its balance sheet on the 12th of this month, buying $40 billion in short-term U.S. Treasury bonds each month, continuing to inject liquidity for a while 💦. The bad news is that the dot plot shows few opportunities for rate cuts next year; it's quite likely that there won't be any rate cuts in January and March, and the real variables will only be clear after the January policy meeting. Moreover, Powell will step down in May, so he can only manage issues during his term; if we want to see larger rate cuts, we'll have to wait for the new chairman to take office 😅. #美联储降息

In the short term, the market remains a "door painting market," dominated by contracts, making it easy for retail investors to lose sight of direction. Want to reduce positions at 98000? Want to buy in at 80000? Right now, we are in a range-bound oscillation, and patience is more important than impulsiveness ⏳.

Also, don't forget that on December 19th, the Bank of Japan may raise interest rates 📌, which could lead to another wave of decline. Don't have too high hopes for the Christmas market; foreigners are busy with the holidays, and liquidity will be even worse 💀. In trading, Sister Bei has already liquidated Ray and #bnb , and has reduced 50% of #pepe ; everyone should reduce their positions at highs and control risks as the most important thing ⚠️.