The latest Federal Reserve meeting minutes sent a major signal overnight, potentially rewriting the 2025 market script.

Three key details to watch:

**Contradictory Signals in Inflation Data**
The Fed claims inflation can return to the 2% target, but the minutes explicitly state "the road is still long." This shift in attitude reflects that the cooling process is more complex than market expectations, and high inflation may persist longer.

**Labor Market Has Already Weakened**
Recent data shows that the deterioration of the labor market is a settled trend. The Fed even hints that certain policy factors are dragging down employment recovery, which is a dangerous signal. When job opportunities decrease, consumer spending will also decline.

**Uncertainty in Interest Rate Policy**
The market collectively bets on a rate cut wave next year, but there is ongoing debate within the Fed. According to the minutes, the true turning point for interest rate adjustments may not appear until the second half of 2026. This leaves significant room for market imagination.

This minutes essentially lay the groundwork for "preemptive rate cuts"—the Fed is testing market bottom lines and hinting that liquidity may face a shift. For the crypto market, such policy uncertainty often triggers intense volatility.

Both bulls and bears are ready for a showdown. What do you think about this round of market? Is it a prelude to new opportunities or a trap set by the main forces?