Why did the Federal Reserve cut interest rates by 25 basis points and still fall!?
Everyone knows a rate cut is coming. What really makes people nervous is what Powell will say afterwards, 'We may slow down the pace of rate cuts.'
The market reacts very sensitively; any slight movement can make everyone uneasy.
Even if this rate cut is good news, if there are no further cuts or the number of cuts decreases, people may start to worry, especially about whether companies can withstand the high interest rates.
Bitcoin prices may drop because everyone will hedge in advance.
I don't think this is a negative view of the market, but rather, based on past experience, before each major data release, the market tends to have a slight pullback; this is actually an investor's hedging sentiment.
The main trend hasn't changed, so I don't recommend rushing to short positions, but do pay more attention to hedging.
In short, the market is playing a large game that we can't clearly see, so we should remain flexible. Let's see how things develop in the future together!