Analysis: The crypto market is transitioning from a single-trend market to a more complex structure.

In its weekly report, Matrixport stated that the latest FOMC meeting results were largely in line with market expectations, but the dot plot did not provide clear guidance on the future policy path, instead increasing market uncertainty about the pace of policy changes. However, judging from interest rate and asset price performance, these uncertainties are still relatively limited in current price levels. Powell's cautious remarks, coupled with early signs of a weakening labor market, indicate that the current macroeconomic environment is different from that at the beginning of the year.