The Federal Reserve's Williams just made this statement, which actually gave the tense market a reassurance pill.

We traders must understand the underlying implications behind this:
The door to interest rate hikes is locked: it clearly indicates that there is no need to consider raising interest rates, which means the most extreme bearish scenario has been ruled out.
For the crypto market, which relies on liquidity to survive, as long as there is no rate hike, the sky won't fall.
The easing trend remains unchanged: emphasizing a policy leaning towards easing, which macroscopically sets the tone for long-term funds.
The current volatility is just a minor interlude; the underlying tone of long-term policy still aims to "inject liquidity" into the market.
Cutting interest rates is only a matter of time: although they say it’s not the right time yet, the expectation of a "final rate cut" is already on the table.
This is actually laying the groundwork for a future big trend.
Although the current market is still in a tug-of-war, the macro trend has shifted from "extreme cold" to "warming."
Williams' statement is essentially protecting the fragile confidence of the market.
As traders, the current strategy is simple:
Don’t get shaken off in the turbulence before dawn, endure the silence, and wait for the wind to come.