At 3:00 a.m. today (3:00 a.m. tomorrow), the Fed's last meeting in 2024 will be finalized. According to the mainstream market expectation, the interest rate should be cut by 25 basis points;

However, today's decline and the current sideways trading seem to indicate that something is brewing!

1. If the interest rate is cut normally, and Fed Chairman Powell does not say anything unusual, then today's decline is purely for cleaning up the market, and the market will continue to rise next;

2. If there is something unusual, and the interest rate is not cut or Powell is hawkish and says that the interest rate cut will be slowed down later, there may be another wave of decline.

I personally tend to favor the first situation at the moment, so let's wait and see! $BTC