#加密货币市场动态 $BTC holders note, a rare divergence has emerged within the Fed.

According to the latest report by Wall Street Journal Fed tracker Nick Timiraos, Powell is facing a power struggle—whether to cut interest rates in December, and the chairman may have to make the decision alone.

Three key clues are worth breaking down:

Centralization of decision-making power. Reports emphasize that the final discretion lies with Powell, but the degree of internal disagreement has reached a rare level in recent years. This is no longer a routine committee consensus vote, but a direct test of the chairman's authority.

Two paths lie ahead. Path one: forcibly cut interest rates by 25 basis points in December to stabilize market expectations and employment data, at the cost of enduring fierce opposition within the committee; path two: postpone to January for observation, avoiding decision-making risks but potentially triggering liquidity panic. Nick's wording suggests that Powell leans towards the former.

Core allies have expressed their stance. New York Fed's Williams openly stated that there is still room for rate cuts, while San Francisco Fed's Daly directly supports the action window in December. Such statements usually do not appear without reason.

The market has voted with real money. The CME interest rate cut probability jumped from 60% last week to 82%, BTC broke through $89,500, and short positions faced over $500 million in liquidations in a single day, completely igniting bullish sentiment.

How to view it from an operational perspective? For positions already established, you can set a trailing stop to protect profits; consider reducing positions if BTC falls below 88000. For observing funds, it is recommended to enter the market in batches when it pulls back to the 87500-88500 USD range, prioritizing the allocation of $ETH and $BTC spot. But don’t forget, any leveraged operation must be restrained, leaving at least 30% cash to handle volatility.

The window for a shift in monetary policy is often the most critical. The divergence phase is the time to position yourself; once consensus forms, it's time to be vigilant. Do you think Powell can really withstand the pressure and push for rate cuts this time?