#美联储政策与经济预期# Looking back, the Fed's policies have always stirred the nerves of the market. The current expectations of an interest rate cut remind me of the rate cut cycle in 2019. At that time, the market was also full of anticipation, but the actual effects were far from expected. Now it seems that Yi Lihua's perspective is quite interesting. He predicts that after mid-August, there will be a September interest rate cut expectation, and he also believes that the recent pullbacks are all buying opportunities. This optimistic attitude makes me think of the frenzy at the end of 2017.

However, history tells us that excessive optimism is often a dangerous signal. Remember at the beginning of 2018, how many people confidently shouted "the bull market trend is undoubtedly on its way", only to face a brutal bear market. Of course, the current market environment is very different from that time, but it never hurts to be cautious.

The operations of LD Capital are indeed worth paying attention to. They made large purchases of ETH from the end of February to mid-June, and then began to take profits in mid-July. Such precise market judgment and execution are truly admirable. However, as someone who has gone through multiple bull and bear cycles, I would like to remind everyone: the market is always full of uncertainty, and one should not blindly follow anyone's judgment, including so-called "experts."

Overall, the expectation of interest rate cuts may indeed bring about a wave of market movements, but how it evolves specifically needs close attention to various factors. After all, in this ever-changing market, yesterday's experiences may not necessarily apply to today, and today's judgments may also be overturned tomorrow. Maintaining caution and being diligent in thinking may be the best way to navigate through bull and bear markets.