The Fed's rate cut this time—many people think it's a money giveaway rally coming? Wake up! This move is called a "hawkish rate cut"—on the surface, rates are being lowered, but Powell's words are full of thorns.

What does it mean? It means that although there was indeed a cut this month, the Fed chair made his stance clear: Don’t expect me to keep pumping liquidity! Right now, the Fed is in chaos internally, with hawks and doves at odds. Powell is caught in the middle, forced to walk a tightrope—giving the market a little sweetness to stabilize sentiment, but absolutely not daring to make big promises. Wall Street analysts get it: government shutdowns, messy economic data—who dares to guarantee future policy at a time like this?

What does this mean for ETH and the entire crypto market? Don’t go all-in just because you heard about a rate cut! This kind of "lip service without substance" strategy is the easiest trap for retail investors. Bitcoin might pump in the short term, but if Powell later says "future cuts depend on data," institutional funds will pull out instantly—who will be left holding the bag then?

Here are some practical tips:

A rate cut landing is often a selling signal—don’t chase after the pump!

Keep a close eye on subsequent economic data—only if the economy really collapses will further easing be possible.

Holding spot is fine, but leveraged contracts right now are just giving money to the whales!

The market never gives you the answer directly. Those who survive rely not on luck, but on clear-headed judgment.