January 28th is a critical point in time, and the core logic of the market psychological battle is actually very simple.

The probability that the Federal Reserve will keep interest rates unchanged exceeds 90%. This is neither a dovish signal nor a sudden easing—essentially, it’s just more delay. Many people misunderstand this, thinking it’s a bad thing, but in fact, it’s the exact opposite—this is the scenario most favored by the big players.

Think carefully, what environment is easiest for the main forces to make money? When bad news is unresolved, good news is delayed, and retail investor sentiment is repeatedly exhausted. This is the current rhythm.

Retail investors are betting on one thing: "If interest rates are cut, it will directly take off." The main forces are calculating another: "After expectations fall short, how cheap are the wrongly sold-off chips?" Not cutting interest rates ≠ completely eliminating bad news; instead, it looks more like a game of patience—who loses their composure first, who will surrender their chips at low prices first.

What if nothing happens on January 28th? You will see this kind of trend: sentiment first drops, and chips quietly change hands behind the scenes. Many people think the market started when good news was realized, but that’s not the case. True rebounds often begin brewing when everyone is despairing. This is the cruelest and most authentic part of the market.