The Fed's rate cut hopes shattered! Following U.S. data closely, I witnessed the collapse of the crypto market.

Just now, at midnight, I watched as a batch of U.S. economic data bombarded the market! The data is ridiculously strong, yet it is a disaster for the crypto market. The initial jobless claims number is only 218,000 (far below the expected 235,000), GDP growth rate is as high as 3.8% (exceeding the expected 3.3%), and the most critical issue is that the core PCE price index continues to rise.

What good news is this? For us cryptocurrency players, it's simply the most terrifying nightmare! The overheating of the US economy and stubborn inflation mean that those fantasies about the Federal Reserve cutting interest rates can be thrown directly into the trash.

I keep refreshing the price page, the US dollar index is skyrocketing as if it took a stimulant, while gold, silver, and crude oil are immediately smashed to the floor. The worst hit are of course the coins we hold, these high-risk assets are always the first to be cut down like leeks. It's really吐了！ Regulatory agencies can make our assets shrink by half without even blinking.

The market is so chaotic that I don’t know where to escape. These so-called experts talk every day about technical analysis and fundamentals, but in the end, a single piece of data can turn all that analysis into scrap paper. We are like small boats in a tsunami, being manipulated at will by these major economic data.

Damn it, the market crashes when interest rates are cut, and it crashes even when they are not cut. Those big shots on Wall Street just want to squeeze every penny out of us retail investors!

Don't overthink it. If you don't understand the situation, just wait and see. In this crazy market, whether you believe it or not, negative news will come, and the only certainty is uncertainty.