#数字资产市场动态 At 3 a.m., the Federal Reserve meeting minutes are about to be released—this is a turning point for the crypto market and could also be a collapse moment for retail investors.

On the surface, it’s just an official document, but for the crypto world, it’s like a sword hanging overhead. It won’t directly announce rate hikes or cuts, but every dispute and pause in the minutes hides the institution’s next move.

**The most dangerous signal: disagreement itself is a signal**
The more intense the internal debate within the Federal Reserve, the worse the market will suffer. The highlight this time is the "opposition" among officials—some worry about runaway inflation, others fear an economic recession. It sounds like policy wavering, but in reality, this is the "vague window" that institutions love most. In uncertainty, they can attack from all sides, bullish and bearish, leveraging retail investors to become the most lucrative prey during trading. If the minutes contain phrases like "some officials believe" or "another official is concerned," it’s a warning bell.

**A few points retail investors should know:**

Stop-loss isn’t about losing money; it’s about survival. Volatility will spike around 3 a.m., so tighten stop-losses on altcoins in advance, and don’t hard-hold even mainstream coins like $ETH. Only by surviving can you wait for the next market cycle.

Don’t focus solely on price; look at the "expectation gap." The market has already digested the "pause in rate cuts," the key is how long the minutes hint that this "pause" will last. If the hint extends the cycle beyond expectations, it’s a heavy bearish signal, and any rebound should be seen as an escape opportunity.

**What is the essence?**
The Federal Reserve actually cares most about not inflation numbers or employment rates, but about its own credibility and market controllability. The crypto market is their stress test arena—if prices fall too sharply, they soothe with dovish signals; if they rise too aggressively, they strike with hawkish measures. We are all trading within a huge "expectation management system," and these minutes are internal notes leaked from the decision-makers, telling you in advance whether they will accelerate or slow down next.