Is the new head of the Federal Reserve a “two-faced” operator? The market is utterly baffled! The moment the Wosh hearing ended, the entire Wall Street erupted.

A new CNBC survey shows that only half of people think this prospective chair can stay independent, while the other half think he may just be a prop. Although it’s a bit better than last month, honestly, the level of trust is still pretty shaky.

Even more surreal are the policy expectations—58% think he’s a “dove” who wants to cut rates, but 65% also think he will be a “hawk” who shrinks the balance sheet. Pumping water on one hand and draining it on the other? Isn’t this like wanting the horse to run but not to eat grass? To put it plainly, everyone is worried that the Fed might end up becoming the Treasury’s “little follower” in the future—especially since Wosh previously mentioned the need to re-coordinate the asset-liability balance sheet management between the Treasury and the Fed. If they really do that, the independence framework established in 1951 could be in jeopardy. Look at today’s market, too: BTC is hovering around 77,000, Ethereum has fallen below 2,300, and altcoins are green across the board.

The market has always “voted with its feet” when it comes to uncertainty. My personal take: this contradictory signal of “dove and hawk at the same time” is, in the short term, a kind of torment for the crypto market. With expectations of tighter liquidity already on the table, money won’t be foolish enough to rush in and grab the blade.

What to do next? Don’t rush to buy the dip—first, check the Senate voting results. If you want something more stable, control your position size and wait until the direction becomes clear. Follow me—I'll help you break down the policy turmoil as soon as possible. What do you think of Wosh? Let’s chat in the comments!

#加密市场小幅下跌