This current crypto market can be described as a trial of human nature, filled with various dramas and complexities. Bitcoin just broke through 85,000, calling out for "the stars and the sea," only to be smashed back to 80,000 by the ambiguous interest rate cut expectations of The Federal Reserve (FED), repeatedly rubbing against it. Retail investors are playing the gamble of "making a year's salary in five minutes" with MEME coins, while self-mockingly saying: "I originally intended my heart to reach the bright moon, but alas, the bright moon shines on the ditch." The crypto market also has obvious information asymmetry and conflicts of interest. When Trump's crypto advisor David Sacks quickly closed all positions on 200 million in assets, the suckers finally realized: the policymakers' "avoid conflicts of interest" translates to plain language as "I run first, you hold the line." Even more surreal is that while Americans shout "embrace Bitcoin as a strategic reserve," they allow the SEC to review Tether's reserves, scaring stablecoin players to relocate overnight, perfectly illustrating the regulatory art of "wanting the bull to run wildly while also wanting the bull not to eat grass."

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Next week, key news regarding interest rate cuts is about to be announced. It is important to pay attention to the core PCE data from the U.S., which is also the inflation indicator that the Federal Reserve focuses on the most. Especially with Trump's tariff issues approaching April, it seems that there is some easing based on the current news. The recent sideways movements of Bitcoin and Ethereum are actually a specific manifestation of market observation. The weekend is a crucial node for the market to choose a direction, and suitable layout positions can be sought within a small time frame.