Today marks the 544th day I have been posting updates without a break. Every post is made with sincerity, not just going through the motions, but with careful preparation. [微笑] If you think I am a serious person, you can walk alongside me, and I hope the daily content can help you. The world is vast, and I am small; click follow so you won’t have trouble finding me. [微笑][微笑]

The crypto circle is the highest level of witnessing; as long as your judgment is correct, you can legally loot the money of those with less knowledge, physically eliminating their wealth. There’s no need to debate with them online; all those whose cognitive level is below yours can have their assets redistributed in the market.

Currently, there are actually only 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 worry about “not cutting enough” or “not enough strength”—that’s not our concern. The real key is: in the next two years, we are still in a rate-cutting cycle; liquidity expectations are not dead, which is the biggest confidence in the market.

Second: Starting December 13, the Fed will repurchase 40 billion USD worth of short-term US bonds each month. This is the real “opening of the floodgates” signal. The balance sheet will stop shrinking in December, and now it’s expanding directly, with the authorities personally injecting liquidity into the market. Don’t focus on the 25 basis points; the true positive signals are reflected in the balance sheet.

Powell’s tone + actual actions both point in the same direction: easing is on the way. In the short term, cryptocurrencies will still fluctuate; in the long term, the main player will always be “new money.” But it’s hard to follow a trend in December, and there are only two reasons:
The Bank of Japan’s rate hike expectations are already priced in (reflected in prices)
Year-end seasonal liquidity tightening (“Christmas”)
Without new catalysts, we can only rely on existing news to repeatedly shake the market.