Federal Reserve's Waller just dropped a bombshell, shattering market hopes for a rate cut! His core statement was extremely hawkish: A 25 basis point rate hike is a certainty in December. If the core CPI rises to 0.3% or higher tonight, a 50 basis point rate hike will follow. To reassure, he added: "We are not super hawks." His meaning is clear: he won't kill the market outright, but he must slowly bleed it dry. The US October CPI will be released at 9:30 PM Beijing time tonight. This bombshell will directly determine the speed at which the Fed takes action. Risk-free interest rates will continue to rise, and high-tech and crypto assets, whose valuations are propped up by stories, will continue to suffer. Therefore, after a weak rebound, BTC was immediately pushed down. Don't expect the Fed to bail out the market, and don't fantasize about the current bull market. Once the CPI is released tonight, Bitcoin will most likely continue to fall. Fasten your seatbelts.