The US unemployment rate soared to 4.6% in November, reaching a recent high. Once this data was released, the market immediately started predicting that the Federal Reserve would cut interest rates in January next year. But honestly, is the crypto market really ready to take off on this wave? Not quite yet.

Why? Simply put, it's like "seeing the rainbow but not getting the candy." The unemployment data indeed provides more reasons for a rate cut, and everyone knows this piece of the puzzle can be eaten sooner or later. The problem is, it's not time to eat yet. The Federal Reserve Chair has already made it clear that this employment data alone is not enough to justify a rate cut in January, and market data has also confirmed this — the probability of maintaining current rates in January is still 75.6%, with only a 24.4% chance of a cut.

This "hope but no results" atmosphere easily leads the market into a wait-and-see mode. Wall Street institutions wouldn't be foolish enough to pour heavy funds now. What are they waiting for? More definitive signals around March, or signs that the economy is truly turning, before they dare to increase their positions. Recently, their rebalancing actions have been quite obvious, with spot ETFs also experiencing outflows, and market volatility increasing accordingly. At this point, no one wants to take reckless risks.

So, as an ordinary investor, now is not the time to "go all in," but rather a period to "sharpen your sword and prepare your ammunition." The most probable scenario is that rate cut expectations exist, but the upward trend is not sustained, and there may still be a lot of sideways consolidation in between. If institutions continue to adjust their positions, volatility could become even more intense.

What you need to do now is very simple: don't go all in. Divide your bullets into several parts, and focus on those core assets you've been optimistic about but feel are too expensive. When the market pulls back due to short-term disappointment, gradually enter and lay in wait. Essentially, it's about using retail investors' patience to capitalize on the time gap in institutional battles.