#美国经济与货币政策 The Fed's rate cut this time cracked me up. They said easing was coming, but then turned around and said "maybe just this time"? The hawkish rate cut combo is really something. If the economy accelerates next year, we won't need to cut again—what does that mean, think about it. Short-term liquidity is nice, but in the long run, you still have to rely on real strength.

What are these people in the crypto circle struggling with now? They are all betting on whether the Fed will continue to inject liquidity. My judgment is: the interest rate cut window is getting narrower. This is actually bad news for meme coins and small altcoins, because the expectation of easing is becoming weaker, and the FOMO sentiment of hot money will also cool down.

Now this node should be clear - don't be blinded by the short-term benefits of interest rate cuts; the real opportunity lies in finding narratives that can take off in an environment of "no further rate cuts". Strong economic momentum means that risk appetite may rise, but it also means that the survival space for junk coins is being compressed.

Calm down, don't FOMO now, it's time to assess the project's fundamentals.