Tonight is destined to be turbulent. The Federal Reserve's December interest rate decision is about to be announced, and the market is all eyes on the anticipated 25 basis points.

But to be honest, whether it cuts or not is no longer the main focus. What really makes people nervous is what signals Powell will send—if it's a hawkish rate cut, those K-lines on the US stock market that are about to reach previous highs will be in trouble. Short-term, there has already been some adjustment pressure accumulated, and a slight hawkish tone at this moment could instantly dampen market sentiment.

Looking deeper, whether tonight is hawkish or dovish, whether the rate is cut by 25 or remains unchanged, it's just a small episode in the expansion cycle. The market will do its shakeout and kill off some sentiment, but this cannot change the underlying slow bull trend.

In my opinion, rate cuts alone cannot solve the fundamental problems. What can truly reverse the situation is when the next round of large-scale QE is launched—that's the key variable.

Therefore, in short-term operations, position management should be tighter, and the medium to long-term bullish logic remains unchanged. If BTC surges due to tonight's news, it could be an opportunity for a new wave of position layout. Keep the rhythm and don't be misled by short-term volatility. ✊