Recently, the market sentiment has stirred up again. Looking at the performance of mainstream tokens like BTC, ETH, and DOGE, one can feel the tension — the expectation of an interest rate cut in January has been completely shattered.

According to the latest data, the betting rate on interest rate cuts has fallen to 22%, and this figure says it all. The voices within the Federal Reserve are also changing; the third-ranking official recently stated that inflation may be underestimated by the market, suggesting that the actual situation may be more complex than expected.

What does this mean? The interest rate cut cycle may come later and progress more slowly, and the high interest rate environment will be maintained for a longer period of time. This does create short-term pressure for the liquidity-dependent crypto market. But that's not all.

The policy tug-of-war between the White House and the Federal Reserve is also brewing beneath the surface. One side wants economic easing, while the other needs to defend against inflation; this tugging essentially adds pressure to the market. Every piece of economic data and every official's statement could become a trigger that instantly changes market expectations.

From an investment perspective, the most practical strategy at this stage is actually very simple: don't rush to bet on the direction. Instead of speculating on future trends, it's better to maintain flexible position management and closely monitor economic data and policy signals. Once market expectations reverse, that is the opportunity to seize the "revenge rebound"—the deeper the pressure accumulates, the greater the rebound space usually is.

Are you ready to embrace this round of volatility?