The Federal Reserve has started to stir again recently. As the New Year approaches, discussions about whether they will continue to cut interest rates next year have also heated up. Although they just cut rates once earlier, the market is now betting that the next leadership will be more dovish. The problem is, opinions within the Fed are quite divided—some advocate for aggressive cuts to stimulate the economy, while others prefer to maintain the status quo and see how things develop.

This situation is all too familiar in the crypto world. It’s always the same pattern: "Buy the rumor, sell the fact." Now that expectations are rising, the market will definitely stir up a wave of volatility first, with various funds pre-positioning themselves around liquidity concepts. But when the actual rate cut happens? Nine times out of ten, it will fall into the curse of "good news is bad news."

This creates a multiple-choice question: do you jump in early to speculate on liquidity expectations and gamble on market swings for profit? Or do you wait until real funds flow into the market before taking a position? Both strategies carry risks; it all depends on how you interpret this macro drama. The market is always testing human nature—whether greed or caution, both can lead to losses.