At three o'clock in the morning, the market enters the Ragnarok hour.

The card of interest rate cuts has been speculated over and over recently. Now everyone is staring at the dot plot - will the Fed dare to let go this time? Or continue to hold a hawkish shelf and pretend to be tough?

If they are still tough, the market will mercilessly slap the bulls. What's worse is that there are still actions of the Bank of Japan lined up, and a series of economic data are waiting to be bombarded in turn.

Let's take a look at the signals right now:
U.S. Treasury yields continue to soar - indicating that the market does not believe that interest rate cuts can save the day
Nvidia has been down for two weeks in a row - funds are quietly withdrawing from the previous hot track
Interest rate expectations were raised across the board - the consensus is that even if it falls, it will fall in vain

Retail investors have to understand one thing: it is not that the Fed can take off as soon as the Fed cuts interest rates. When the market itself is skeptical about the effect of the policy, liquidity contraction is the real leitmotif.

Don't rush to bet on the good landing. The real direction will not surface until the meeting is over and the emotions are exhausted.

In this battle of the gods, it is best to see more and move less.

Mainstream currencies such as BTC, ETH, and SOL will follow macro sentiment in the short term. Stabilize your mentality and wait for the market to give a clear answer.