Brothers, the news is here: The Fed will inject 6.8 billion through a repurchase agreement at 10 PM tonight. The key point is not this time, but over the past 10 days it has cumulatively injected 38 billion – they say it's "year-end liquidity management," but the old hands in the crypto world understand that no matter how this money comes, it sounds like favourable information. Why do it now? It's the end of the year, institutional demand is high, and liquidity can easily become tight. The Fed does this to prevent the market from unexpectedly collapsing due to a "money shortage." What impact does this have on the crypto world? Although this liquidity mainly flows to the traditional financial system, the expectations of liquidity will spread. With more money, financing costs decrease, and some funds may flow into the crypto market, so the market easily interprets it as "potential favourable information." In summary: The Fed's operation can be understood as "administering intravenous drip to the market," not feeding steak. It can support the market, but it's not enough to trigger a bull run. Smart money will take advantage of emotional fluctuations for swing trading, rather than blindly chasing the price. #现货黄金再创新高