#比特币价格 After looking at the recent data, I have some thoughts to share. In this year's 7 FOMC meetings, Bitcoin only rose once, while the rest were all falls—this statistic is worth pondering.

Many people have overlooked a reality amidst the rising expectations: the market has long finished pricing in the story of the Federal Reserve's interest rate cuts. When the good news is fully priced in, it is easier to see a "sell the news" situation occur. This is not a complicated logic; it is just another manifestation of human nature in asset prices.

Recently, Bitcoin has stabilized around $80,000, and technical indicators have indeed shown positive signals, but I want to remind everyone not to be blinded by short-term rebound signs. No matter how the price fluctuates, we always need to ask ourselves: Is my position size reasonable? How much drawdown can I withstand? Is my investment horizon long enough?

A sound asset allocation is never about betting on the market once or twice, but about protecting oneself through reasonable position management amidst the fluctuations of cycles. The FOMC meeting is happening this week, and the market may still experience some turbulence, but for long-term investors, it is actually a good opportunity to assess their risk tolerance.

If you are still entangled in short-term rises and falls, it is better to spend time sorting out your overall allocation and ensure that every penny is sleeping soundly.