Latest data shows that the probability of the Fed cutting interest rates in January has fallen below 20%, causing quite a stir in the market. The widely circulated expectations of a loose monetary policy have been met with indifference, and investors' hopes for a "flooding" of liquidity have also dissipated. In the short term, the pace of liquidity release will clearly slow down.

For the cryptocurrency market, this directly affects market sentiment. The deviation between expectations and reality often triggers adjustments in the funding aspect—those short-term speculative funds entering the market based on the assumption of interest rate cuts may turn cautious, and market volatility may rise. However, this is not the end of bad news. The real structural benefit (the eventual arrival of the interest rate cut cycle) has only been postponed, not completely vanished. The market needs some time to re-evaluate and digest this information.

In fact, this pullback precisely provides an opportunity for calm reflection. For holders and traders, the response strategy at this stage can be considered as follows:

First, do not be swept away by short-term emotions. Panic selling is often the worst choice. Second, closely monitor the trends of core assets like Bitcoin and Ethereum. If the decline is purely due to emotional factors rather than a deterioration in fundamentals, then the irrational pullback of these assets may signal a gradual accumulation opportunity. Third, control risk exposure. Reduce operations with high leverage contracts and retain sufficient liquid funds to wait for clearer opportunity windows to emerge.

The key is mindset—don't always think about hitting the perfect timing. Market participants often do not fail due to judgment ability, but rather due to risk management and psychological control.