Last night, an official made a few mild remarks, and ETH immediately came to a small climax. But have you noticed? The U.S. stock market, which should really have action, is not moving at all.

What does this reveal? The nerves in the crypto market are now too tight – just a gust of wind can make waves. But the problem is that the person who really holds the wheel of the Fed has always been Powell.

Expectations of a possible rate cut in December have long been chewed up. This wave of "goodness" is likely to be digested by the price. The real highlight of tonight is not the action of "whether to cut interest rates or not" itself, the key is what Powell says.

If his words are hawkish - for example, implying that the pace of interest rate cuts will not be so aggressive, then the matter of "good landing" can evolve into a classic script of "good things are bad news" in minutes.

Looking at past market records, you will find that when the market unilaterally believes that a certain news is positive, it is often the moment when the risk accumulates to a critical point. After the dust settles on the meeting, it may be the starting point of the market turn.

The trend of BTC and LUNA will have to be closely watched in the next few days.