Today’s market

Made me a little more sober.

It’s not that one coin suddenly failed.

It’s that the overall market was pressed down.

🍀🍀🍀🍀🍀

Bitcoin dropped to around 64K.

ETH also followed downward.

SOL, UNI, HYPE, WLD, XPL…

Basically all red.

That feeling is:

You thought it was just a coin correction, and when you open the list,

Wow,

The whole class is standing in the corner.

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I think the key is still the FOMC.

On the surface, it looks like they kept interest rates unchanged.

But the truly annoying part isn’t “unchanged.”

It’s that Wosh removed the forward guidance this time.

In the past, the market could still guess the next move based on the Federal Reserve’s signals.

Now, that’s gone.

No more promises.

Let the market guess for itself.

That’s the most tormenting part.

—

What is the biggest fear in the crypto world?

It’s not bad news landing.

It’s not knowing if there’s even worse ahead.

So the first reaction of funds is very real:

Sell some first.

Reduce leverage first.

Don’t hold on tightly in high-volatility assets.

🍀🍀🍀🍀🍀 This also explains why most coins dropped so hard today.

BTC previously surged past 66K.

Everyone was waiting for a dovish signal from the FOMC.

But the news didn’t come as expected.

The market sees:

Rate cuts aren’t as comfortable anymore,

The guidance is gone,

And maybe even more hawkish later.

Then what’s the point of holding?

Just sell.

Once BTC gets hammered,

Altcoins naturally suffer even more. Just sell.

Once BTC gets hammered,

Altcoins naturally suffer even more.

Bitcoin drops 2 points,

Altcoins drop 5, 7, 10 points.

That’s very normal.

Because when emotions cool,

The first to be thrown out are always these flexible ones.

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And SPCX.

It surged to 214 earlier, which was really fierce.

The SpaceX story is too appealing.

Elon Musk. Space.

Tech giants.

When the narrative of being the fourth-largest company globally comes out,

Who wouldn’t want to take a second look?

But the problem is right here.

It rose too fast.

The story was too full.

Many chased at the high.

Once macro conditions cool down,

This long-term growth narrative will be discounted first.

So when it returns to around 190,

I’m not surprised at all. Not surprised at all.

It’s not that SpaceX isn’t good.

It’s that the market is saying:

I believe in the story,

But the price needs to cool off first.

🍀🍀🍀🍀🍀

SPCX is very sentiment-driven.

When emotions are hot,

214 seems cheap.

When emotions cool,

190 feels like it needs to be watched again.

That’s the most genuine part of the market. The same story,

In different liquidity environments,

Has two completely different faces.

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So today’s market,

I feel it’s not just a “drop.”

It’s a re-pricing of three things:

When will interest rates finally loosen?

Can the high-valuation narratives still continue to surge?

Who will catch the bubble formed by the previous rise of altcoins?

The answer is now very clear.

No one is in a hurry to catch it.

Everyone is stepping back first.

Let’s see what happens.

🍀🍀🍀🍀🍀

The hardest part now is for those chasing the high.

Seeing BTC surge.

Seeing SPCX surge.

Seeing altcoins also move.

Getting caught up and thinking the bull is back.

But then the FOMC pours cold water,

Waking everyone up.

This market really knows how to teach lessons.

Just when you’re about to get passionate,

It makes you calm down.

Just when you want to go all-in,

It gives you a risk lesson.

🍀🍀🍀🍀🍀

But I actually think,

In times like these, it’s even more important to see clearly.

Not all drops are bad.

Some are because the trend has broken.

Some are just a cooling of emotions.

Mainstream coins like BTC and ETH still depend on whether funds will come back later.

For strong narratives like SPCX, it also depends on whether it can hold steady around 190.

As for many altcoins…

Honestly,

Those driven up by emotion earlier,

It’s normal for them to be knocked back now.

🍀🍀🍀🍀🍀

Today’s market gives me the feeling that:

Macro is not giving sugar.

Funds are retreating.

Stories are being discounted.

Altcoins are taking hits first.

Very realistic.

And very crypto.

So I won’t rush to chase now.

Better to earn a little less,

Than to jump in during this uncertainty and take on someone else’s risk.

Once the market clarifies the direction,

Then see who’s truly strong,

And who’s just riding the hype.

🍀🍀🍀🍀🍀

One sentence to sum up today:

It’s not that coins suddenly weakened.

It’s that Wosh pressed the market’s illusions in half.

SPCX back to 190.

Bitcoin dropped back to 64K.

A row of altcoins also retraced.

This isn’t the end of the world.

But it’s definitely a reminder to everyone:

Don’t forget the risks just because prices are rising.

Until liquidity returns,

The market can turn on a dime at any time.

$BTC $ETH $SPCX

#沃什首次FOMC维持利率，放弃前瞻指引