#加密市场回调 Morgan Stanley's latest research report shows that the Fed will remain steady in December, with the interest rate cut timeframe adjusted to January, April, and June of next year, maintaining the target interest rate range at 3-3.25%. This news has sparked intense discussion within the community.

On the surface, the delay in interest rate cuts seems unfavorable for the market. But from another perspective — this might be the regulatory authorities cooling down overheated assets while paving the way for a more sustained easing cycle in the future.

Looking back at that cycle in 2020, after the Fed cut interest rates and liquidity was released, BTC surged from a few thousand dollars to a high of 60,000 dollars. At that time, many people cut their losses and left the market at the early stage of the policy shift, only to watch the subsequent upward trend with their eyes wide open. History does not simply repeat itself, but often carries similar rhymes.

Of course, this does not mean that one should go all in without thinking. The postponement of policies itself indicates that there is still uncertainty in the economic data. In the short term, the market may continue to fluctuate and adjust, which instead provides rational investors with a window period for observation and layout.

In practice, there are a few approaches to consider: first, build positions in batches to avoid heavy investment all at once; second, pay attention to those assets that have declined significantly during the interest rate hike cycle, but still have solid fundamentals; third, control the position size well and do not let emotions dictate decisions.

The market always swings between panic and greed. The short-term volatility caused by the delay in interest rate cuts may be preparing for a potential trend reversal next year. What is important is not to predict every rise and fall, but to remain clear-headed and patient amid the fluctuations.