#美联储回购协议计划 The GDP growth rate of the United States has reached a record high of 4.3%, and the market's expectations for the Federal Reserve to cut interest rates in January have changed dramatically—from 31% last weekend to 13.3%. Behind this set of data lies an important turning point that the encryption asset market is about to face.

Why should we pay attention to this? Because interest rates are the compass for global capital allocation. When the yield on US dollar assets rises, investors are more likely to lock in stable returns rather than take risks in the volatile field of encryption. The flow of capital determines the market's temperature, which explains why the recent market conditions seem somewhat sluggish, with a clear lack of upward momentum.

The current approach needs to balance caution and patience.

First, it is necessary to reduce the frequency of operations. Pay close attention to the Federal Reserve decisions at the end of January and mid-March - data shows that the probability of a rate cut in March is significantly higher than in January. During this window period, market sentiment is prone to fluctuating repeatedly, and frequently chasing highs and cutting losses will only be harvested by the market.

Secondly, position management should be treated as a survival rule. If economic data continues to be strong, one must be mentally prepared for the market to remain under pressure. Operating with a full position is no different from gambling; keeping sufficient ammunition is the correct approach to dealing with uncertainty.

Real opportunities often arise while waiting. Once inflation or employment data begins to weaken, and expectations for interest rate cuts start to heat up, that is the signal to position yourself—focus on mainstream assets like Bitcoin and Ethereum, and accumulate them in batches at lower prices. Do not fantasize about accurately bottoming out all at once.

The short-term pressure is indeed real, but it is not worth being overly pessimistic. Any bull market is not a straight upward line; the current period of volatility is precisely the best window for identifying quality projects and accumulating chips. Continuously track official statements from the Federal Reserve and trends in U.S. macroeconomic data, and wait for that clear signal to emerge.

In the end, living is what allows us to witness the blooming of spring.