The crypto industry is the highest level of testimony; as long as your judgment is correct, you can legally plunder the money of those with less knowledge and physically eliminate their wealth. There is no need to debate with them online; all those with lower cognitive levels than you can have their assets redistributed in the market.

Currently, there are actually two most important things in the market:
First: No need to think about interest rate hikes anymore; there will be another cut in 2026 and 2027. Don't fuss over "not enough cuts" or "not enough力度"; that's not our concern. The only truly critical point is: in the next two years, we are still in a rate-cutting cycle, and liquidity expectations haven't died—this is the market's biggest confidence.

Second: Starting December 13, the Fed will repurchase 40 billion USD of short-term U.S. bonds every month. This is the real "opening" signal. The balance sheet will stop shrinking in December, and now it will directly expand, with the authorities personally injecting liquidity into the market. Don't focus on those 25 basis points; the real good news is written into the balance sheet.

Powell’s tone + actual actions all point in the same direction: easing is on the way. In the short term, cryptocurrencies will still fluctuate and consolidate; in the long term, the main factor will always be "new money." But it's difficult to follow a trend in December, for only two reasons:
The Bank of Japan's rate hike expectations are already priced in (reflected in prices)
End-of-year seasonal liquidity tightening ("Christmas")
Without new catalysts, only stockpile news can be relied on to repeatedly shake the market.