Federal Reserve officials have signaled new policy cues. As interest rate decisions are gradually adjusted, the central bank's current monetary policy stance is now approaching a neutral zone. What does this mean? In simple terms, after a round of aggressive rate hikes, the tightening measures are beginning to ease noticeably.

This suggests that the liquidity environment in the market may see a phased improvement. Historically, whenever the Fed shifts from tightening to neutral, risk assets often have a rebound opportunity. As a high-risk asset class, cryptocurrencies are usually most sensitive to such policy shifts.

Of course, "approaching neutral" does not mean the start of easing. Investors need to continuously monitor upcoming economic data and officials' speeches to determine whether a rate cut cycle will truly begin next. Market pricing power still lies in data and policy guidance.