Today, the stock market experienced a significant volatility, all because of a statement made by the head of the Federal Reserve, Powell, in the early morning. Powell stated during a speech in Dallas, Texas, that 'there are no signals from the economy indicating that we need to lower interest rates urgently.' Previously, the Fed had cut interest rates twice in September and November, by 50 basis points and 25 basis points respectively. The next decision on the Interest Rate by the Federal Reserve will be announced on December 18th. Powell added, 'The strong economy we currently see allows us to make decisions cautiously. Ultimately, the direction of the policy Interest Rate will depend on the upcoming data and the development of the economic outlook.' Actually, it is hard to say whether Trump will continue to criticize Powell or not in the future.

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BTC actually has limited decline. From the current trend, the pullback in the morning and noon is not too strong in terms of intensity and continuity. It tends to maintain a high-level oscillation and repair trend in the short term, and the downward space may not be too large during the day. After such a rapid rise, it is necessary to follow the adjustment and repair of the smaller time frame trend, and it will still be in a rising state after the repair is completed. Based on historical experience, after each significant pump in the market, there will be a suitable pullback correction phase, which helps to clean up the floating chips and prepare for the next round of pump. Therefore, in this context, there is no need to worry too much. The overall trend is still optimistic and the general direction is upward.
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At this moment, it's also the best lying in ambush opportunity for many narrative coins. Currently, altcoins are generally down by around 10%, but AI, meme zone are still very strong. In the short term, there may be a pullback in the market. At this stage, market sentiment has reached a temporary high point, and it is recommended to be cautious about chasing meme tokens on the chain, as there may be no more dumb buying. In addition, many valuable projects are starting to transition to MEME and starting to post MEME. This indicates that the market sentiment is a bit too much fear of missing out, and the sickle has started to come down, with too many being played for suckers, and there are not enough suckers. From an emotional point of view, this pump is mainly due to the stimulus brought by Lao Te, but there is still some time before Lao Te formally takes office. When there is no new event driving, the fear of missing out sentiment will naturally decline, which is inevitable.