A power game is unfolding within the Fed.

Cleveland Fed chief Harker was blunt: continue to cut rates? That would be actively fueling inflation. Kansas's Schmidt was even harsher, casting a direct no vote in October. The hawks have gained the upper hand, while the doves? Their voices are basically inaudible.

Worse yet, their internal consensus has collapsed.

Nick Timiraos, a journalist referred to as the "new mouthpiece of the Fed," said it plainly—decision-makers themselves are unclear. The September non-farm data is simply schizophrenic: there were 119,000 new jobs added, more than double expectations; yet the unemployment rate soared to 4.4%, the highest point in four years. This contradictory data has put decision-makers in a deadlock.

**A certain mainstream platform token can no longer hold on**

The entire market is bleeding, and a certain mainstream platform token has not been spared. The price has fallen below $830, plummeting by 3.51% in 24 hours.

The RSI indicator has dropped to 29.78. It is in the oversold area and is the deepest oversold reading in recent times.

The current battlefield is near the 200-day moving average. If the line at $790.79 is held, there may still be a chance for a technical rebound. What if it is lost? The $750-760 area will be the next stop. Traders are watching for leverage resets and volatility signals, and open contracts are decreasing — everyone is retreating.

**December, Showdown Moment**

The December FOMC meeting is no longer a routine operation; this time it is a true life-and-death judgment.

Wall Street now generally believes that high interest rates will last longer. If the Fed really hits the pause button, it means that the current rate-cutting cycle in 2024 may end earlier than expected. With inflation still at 3%, sticking to not lowering rates could prolong the era of high interest rates longer than anyone anticipated.

When the tide of liquidity goes out, the naked swimmers will be exposed.

Is this market crash the end of a cycle or the beginning of a new one? The market is waiting for an answer.

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DAOdreamer

· 11-22 09:52

The Fed is really a mess, the hawks aren’t giving the doves any breathing room. If $750 can’t hold, this round of crash is just getting started. December will depend on how the Fed acts—if high interest rates really drag on, who would still dare to catch the falling knife? Those swimming naked are about to get burned. One set of data says strong employment, another says unemployment rate is hitting new highs—the decision makers themselves are confused. How are we supposed to trade? Open interest is running, which means the smart money is selling off. Wake up, everyone.

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MetaMuskRat

· 11-22 09:49

The Fed is in chaos, and our coins have to suffer a bloodbath along with it. It's just ridiculous.

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FrogInTheWell

· 11-22 09:41

The hawks have won, so us retail investors just have to admit defeat. This is the game the Fed is playing. Retreat? I already cleared everything out a long time ago, haha. Something's off, the data is contradicting itself. How chaotic is this? If the 790 support line can't hold, let's meet at 750. December is the real time for stop-losses—just waiting for the Fed to go crazy.

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StablecoinEnjoyer

· 11-22 09:40

The hawks are so aggressive, there's no chance for a rate cut... Even the Fed can't agree among themselves, so retail investors like us are even more confused. These data are ridiculously contradictory—more jobs but also a higher unemployment rate, who can make sense of this? Platform tokens have dropped this much, can the 790 support level really hold? It feels very shaky. December is the final showdown—either a breakdown or a rebound, all the gamblers have already exited. High interest rates dragging on for so long is just brutal, and next year will probably still be tough.

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BlockchainTherapist

· 11-22 09:34

The internal strife within the Fed has led to a bloodbath in the market, to put it bluntly. A group of hawks have firmly suppressed any talk of rate cuts, and with inflation still stubbornly at 3%, how long is this going to drag on? Those who are exposed should wake up; the high-interest rate era is going to last longer than anyone expects. The RSI has dropped to 29.78, and this time it really hurts. The battle in December is crucial; whether the cycle is over or a new beginning will depend on how the Fed reveals its hand.

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AirdropBlackHole

· 11-22 09:31

The Fed is in turmoil, and the crypto world is collapsing... this is the current situation. Leverage is blowing up, the safety net is gone, we will see who can survive by December.

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