The Federal Reserve has cut interest rates again! 25 basis points, this is already the third consecutive time😅 But I looked at the dot plot and got a bit confused—next year they only plan one rate cut? Does it seem like the era of "preemptive rate cuts" is coming to an end?

How does this affect our crypto trading? I remember that when rates are cut, crypto prices tend to rise, but Bitcoin just broke through 94,000 and then fell back. What's going on? Is the market digesting the expectation of "fewer positive news" next year?

Also, Powell mentioned a "gradual cooling of the labor market" and that "inflation remains relatively high." Are these good or bad news for the crypto market? It feels like macroeconomic data has a big impact on crypto prices, but I still can't quite understand the logic behind it😭

Can any expert explain this to me? If there really won't be many rate cuts next year, does that mean we should pay more attention to employment data and similar indicators?