#美联储政策 The interest rate cut has landed + quantitative easing, liquidity returning to normal - this is indeed a turning point. BitMine increased its holdings by 138,000 ETH last week, with a growth rate that rose by 156% month-on-month. This is not a small move, indicating that large funds are clearly gaining confidence in this market trend. Tom Lee's remarks hit the nail on the head: Fusaka upgrade, Fed policy shift, and the clearing shock have passed, and the fundamental support is once again on the table.

The current trend logic is actually very clear—BTC's recent surge is abrupt, but the pullback to the 89,000-90,000 range is the golden entry point. In the short term, it's more prudent to wait for the fourth wave pullback before entering ETH; 3130-3150 is the reliable position. Don't be dazzled by such rapid pumps; chasing highs is always the beginning of losing money.

But there is a detail worth noting: the performance of hot coins is indeed impressive (TRUMP rose by 15%, WET surged by 100%, etc.), but the extreme data such as the long position rate soaring to 1030% exactly indicates that sentiment has peaked. My habit is to reduce the risk factor when I see such data, rather than following the trend and increasing my position.

The take-profit decision for ZEC is a textbook example—enter at 359, exit at 440, making a 22% profit, then get out. Why risk a 20% pullback for that last 1-2% of profit? The M top + top divergence is right there, and the technicals are already warning. Profit secured in your pocket counts.

The upcoming strategy adjustments should be based on a core understanding: interest rate cuts do enhance the attractiveness of risk assets, but that doesn't mean one can blindly leverage. Gradually adding positions, strictly setting stop-losses, and allocating positions according to one's risk tolerance—this is the secret to surviving till the end. No matter how good the market is, it would be too tragic to die at the step of greed.