The Federal Reserve officials have just sent a major signal. Official Bostick explicitly stated that the latest dot plot shows no plans for rate cuts next year, and the policy tone must remain restrictive. What does this mean? The "rate cut cycle" story that the market has been speculating about for the past few months is now completely shattered.

The impact on the crypto market is direct. Valuations that relied on liquidity expectations are now losing their most core support. Altcoins are especially vulnerable—when the expectation of easing disappears, projects without real-world utility will be the first to face a sell-off. Bitcoin and Ethereum, although more stable in fundamentals, are also not immune to short-term volatility and reshuffling.

In this environment, investment strategies need to be adjusted. The first priority is risk avoidance. High-leverage contracts are particularly dangerous during this period; a black swan event could trigger liquidation. Instead of betting on a rebound, it’s better to return to spot trading—survival is the key.

Second, select the right sectors. Funds will gradually shift from concept coins and small tokens to assets with solid fundamentals. Bitcoin and Ethereum, as the infrastructure backbone, have the most stable narratives and strongest risk resistance. Retail investors should seize this opportunity to review their holdings and cut high-risk, miscellaneous projects.

The last point is crucial: don’t rush to buy the dip. Market panic has not been fully released, and the bottom may still be forming. Prepare sufficient cash reserves and wait for the market to reach a true despair moment before taking action—that’s when the real opportunity appears. When the tide recedes, the gems will be revealed. The current task is to organize your list, stock up on ammunition, and be ready for that moment.