#美联储重启降息步伐 Positive news gets priced in, and then it easily turns into resistance—the December FOMC meeting is coming up again, and this pattern has become more and more apparent in recent market trends.

Looking back at the data from the past year: last December, when the rate cut was implemented, Bitcoin opened high but quickly plunged and then entered a period of consolidation; in September this year, after the rate cut was announced, it immediately shot up to a short-term top, took ten days to break through with effort, and then started to fall again; by the end of October, the latest time, the adjustment began a day before the meeting even ended, and the market has been weakening ever since.

But here's what needs to be clear—a rate cut doesn’t necessarily mean an immediate crash, the real issue is that selling pressure tends to build up in the short term. The market had already priced in expectations of a rate cut, so when it happens, there are no new surprises, and technical resistance becomes more apparent.

Instead of chasing price moves based on policy news, it’s better to focus on what the price action itself is telling you. The strategy going forward is simple: wait for a sufficient pullback before making any moves—opportunities always favor the patient.