Barkin's statement serves as a wake-up call to those who fantasize about a rate cut in December. To put it simply—rate cut? Dream on, there's not even a shadow of it now.

The Federal Reserve's stance is already very clear: every next step will depend on the economic data, who dares to make guarantees in advance? The likelihood of keeping interest rates unchanged is much greater than many people expect. An internal consensus has basically formed - don't treat year-end rate cuts as a foregone conclusion, any unexpectedly strong data could shatter this expectation.

Those market trends supported by the "interest rate cut narrative" are likely to cool down this time. Friends who have heavily invested in Bitcoin, Ethereum, and BNB should be extra cautious. During this data-intensive release period, volatility will be amplified to the extreme, and position management must keep up.

All eyes in the market are now focused on next week's CPI data. If the data is strong, expectations for interest rate cuts will continue to cool; if the data is weak, market volatility will erupt immediately. Will there be an interest rate cut in December? It all depends on how this data plays out.

Personal opinion is straightforward: don't let short-term emotions lead you by the nose. Before the data comes out, any bets are gambling. Controlling your position is the most important thing at this stage. The Federal Reserve is clearly trying to cool down the market this time, so those dreams about interest rate cuts should wake up.

The market is not short of opportunities; what is lacking is the ability to stay clear-headed at crucial moments. Technical analysis is important, and the news aspect should not be overlooked; only by combining the two can we find true opportunities. Don't let yourself become a victim of emotions.