#美联储恢复降息进程 The news coming from Bloomberg is quite interesting - the internal debate within the Fed regarding the endpoint of the Interest Rate is unusually intense.

This matter itself speaks volumes. Such a significant cognitive difference within a central bank regarding the path of monetary policy reflects the complexity and contradictions of economic signals: inflation data, the job market, and financial stability provide different answers across various dimensions.

For the crypto market? The direct result is that expectation management has become more difficult.

In the past, there was at least a relatively clear policy anchor, but now every Fed official's speech may represent a different tendency, and the market has to constantly reprice. Assets like $BTC are extremely sensitive to liquidity expectations; the more ambiguous the policy signals, the greater the elasticity of price fluctuations.

However, to put it another way, these differences are not entirely a bad thing—at least in the short term, there won't be a sudden implementation of some extreme policy, giving the market a certain buffer period.

Several practical coping strategies:

Don't rush to frequently adjust your positions. When the central bank hasn't figured it out themselves, the cost of us messing around will be very high. It's better to wait until the direction is clearer before taking action.

The resolution statement and dot plot from the Fed's interest rate meeting next week should be closely monitored, as they will directly reflect the power dynamics and policy tendencies of the current mainstream factions, more effectively than any second-hand interpretation.

Back to the positions and key price levels themselves. Use the capital allocation structure to adapt to fluctuations, rather than trying to predict the direction of each fluctuation - you know the success rate of the latter.

In plain terms, when the person at the helm is debating the direction themselves, the ship is bound to sway. What we need to do is not guess where the next wave will come from, but rather ensure that we don't get thrown overboard.

If you always feel like you're a beat behind, entering the market just as it dips and exiting just as it rises, the problem may not be your analytical skills, but rather the lack of a reference point that can remind you at key moments, "It's time to act now" or "Hold on, don't act yet." The market is not lacking in information; what it lacks is timely interpretation of that information and execution judgment.