Breaking news from the rate cut meeting! The December Federal Reserve dot plot shows only one expectation of rate cuts on average by 2026, and a rate cut by 2026 may be unlikely, which is consistent with Shuqin's prediction yesterday. This is undoubtedly bearish. However, the Federal Reserve also threw in a "sweetener" by announcing a $40 billion asset purchase to expand its balance sheet, starting this month, exceeding market expectations and being a positive signal. But the Fed emphasized that this is not quantitative easing, as it is purchasing short-term US Treasuries to address tightness in the overnight lending market, and plans to stop purchases at some point next year. $SOL $BNB $ETH This meeting saw the "big stick + sweetener" approach from the Fed. The crypto market and US stocks rebounded due to the unexpected easing, but whether the rebound can continue without a rate cut at the next meeting remains uncertain. Everyone should operate cautiously and be careful that the positive signals may be exhausted!