Interest rate decision announced, Waller speaks, the market collectively "buys in"

Last night's market movement taught everyone a lesson.

At 2:00 AM, the Federal Reserve held steady as expected, keeping rates at 3.50% to 3.75%, unanimously approved. The real killer move was hidden in the dot plot—out of 18 policymakers, 9 expect to raise rates again this year, with the December hike probability jumping from 60% to over 80%. Waller was especially energetic during the press conference: fighting inflation has become the main policy focus again, traditional forward guidance is "not suitable," and five working groups are re-examining everything about the Fed—essentially telling the world: no rate cuts? Don't even think about it.

Before the rally, Bitcoin was hovering around $65,500, and the market was still hoping Waller might hint at a dovish stance. But as soon as Waller spoke, prices plummeted, briefly dropping below $64,000. The rally before the meeting was completely wiped out afterward. The old script of "buy the rumor, sell the fact" played out once again. The pre-meeting rally was driven by sentiment, and the sell-off during the meeting was due to expectations not being met.

No matter how turbulent, standing firm is an opportunity. The direction isn't guessed; it's waited out.
$BTC $ETH