The Fed's interest rate cut at 3 a.m. tonight is a "drama".

The market has already digested 4.00% to 3.75%. What we should really be wary of is actually the stubble of "exhausting the benefits". If there are no surprises - such as cutting 50 basis points directly - the moment the boot lands is likely to be a turning point for short-term buying exhaustion. This routine has been repeated twice in history.

Remember an old saying: when good news spreads to the streets, it is often a signal that smart money is ready to rest. What the market is most afraid of is that the "expected consensus" becomes the "selling pressure consensus".

Don't look at the high sentiment now, if you really get to that point, whether BTC and ETH can withstand it all depends on whether there are unexpected variables to support the market.