#美联储利率政策 The Fed's move of "hidden QE" is quite interesting. Milan's stance is very clear — policy remains too tight and needs to accelerate easing. The $40 billion Treasury purchase plan has been brought forward, with reserve injections continuing until April next year. Putting these details together means: liquidity is quietly loosening.

The key lies in the deviation of market expectations. Earlier this year, most people were betting on a prolonged high-interest-rate cycle, but now policy signals are much more dovish than expected. What does this mean for traders? The support for risk assets is increasing, especially in the crypto market.

Recently, I’ve been following several traders with moderate risk preferences, and their strategic adjustments are worth noting: instead of going all-in on a rate cut cycle, they dynamically adjust their positions based on the Fed’s actual operational pace. Add more when liquidity is truly injected, and modestly reduce when policy signals are ambiguous. This rhythm is more robust than simply being "bullish" or "bearish."

A deteriorating labor market is indeed a variable, but based on current data, it’s not that severe yet. My advice is: if the trading logic of your followings is clear amid this shift in policy expectations, and stop-loss levels are reasonable, it’s worth observing their subsequent performance. Practice will tell us who truly masters this rhythm.