#加密市场回调 This morning the market was rocked by a major bombshell—ahead of the cabinet meeting, Trump publicly hinted that Hassett might take over the Fed next year! Even more directly, he once again criticized Powell in public, saying “he should have cut rates but did nothing,” and even brought in JPMorgan CEO Dimon for endorsement. This move essentially laid bare the biggest uncertainty in 2025’s monetary policy.

Anyone who’s been through a few cycles knows: the more explosive the news, the deeper the trap. Many people see “Fed leadership change” and “rate cut expectations heating up” and go all in, only to end up as cannon fodder for the big players. Looking at it calmly, there are at least three things to keep in mind:

**Personnel changes don’t mean an immediate policy U-turn.** Hassett is indeed part of Trump’s old team, but once he’s in, will he prioritize political agendas or economic logic? Can easing policies really be implemented? That’s still a question mark. The market will get hyped in the short term, but don’t get carried away by the sentiment.

**Be careful of expectations being priced in early.** Everyone online is talking up rate cuts, but if Trump or Hassett suddenly hints at “wait and see,” a panic sell-off could happen instantly. Expectations are sweet before they’re realized, but can be poison after.

**Go easy on the leverage.** In a rate-sensitive period, BTC and $ETH volatility could double overnight. High-leverage players could get wiped out instantly with a single wick—no joke.

My view is simple: In the medium to long term, the Fed’s power transition will definitely amplify market volatility, but the big trend for crypto assets hasn’t changed—easing is just a matter of time. The main players are just using this news to shake out weak hands. Panic selling or blindly going all in right now are both mistakes. Those who really know how to play, buy in batches at emotional highs, and pick up bargains during panic crashes.