#数字货币市场调整 Late night news: The Fed held an emergency interest rate meeting at 2 AM Beijing time, and the entire process lasted only 1 hour.

This unconventional rhythm usually indicates that the liquidity environment may undergo changes. Several details are worth noting: the extent of interest rate cuts is still under internal debate (50 basis points or 75 basis points? There is significant disagreement), $29.4 billion in funds has already been pre-positioned, and after several rounds of closed-door discussions, a quick decision was made in just one hour—clearly in response to some special situation.

The reaction from Wall Street is swift. During the pre-market trading session in the US stock market, mining companies and cryptocurrency-related stocks have already begun to rise. This rhythm of "the stock market moves first, followed by the crypto circle" is something the market has seen quite a bit.

Can ETH reach 10,000? From a technical perspective, there are several support points: as the leader of public chains, the ecosystem continues to expand along with the staking yield mechanism; a significant upgrade is expected in December, which will likely reduce on-chain transaction costs; institutional funds started to position themselves a few weeks ago. Smart money never waits for the news to be fully realized before entering the market.

However, it must be made clear - do not impulsively chase highs. There are obvious divisions within the Fed, and the policy direction may be adjusted at any time. Especially with high leveraged positions, manage your risk exposure well. The pullback after the favorable news is often very sudden.

The results will be announced in just a few hours. Is it an opportunity or a trap to lure investors? No one can determine that in advance. But one thing is certain: core positions should be stabilized first. Once the market really starts to move, the speed of the breakout will exceed expectations. The market has always been like this; direction is more important than speed.